European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel cautioned on Thursday that the central bank will need to “reassess the situation” in response to evolving economic conditions.
Nagel highlighted the potential threat posed by US tariffs, warning that they could destabilize the global economy and challenge recent progress in monetary policy.
Market Impact
The euro reacted strongly to these developments, with EUR/USD surging 1.10% on the day, nearing the 1.1000 mark at the time of writing.
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