The ECB Decided to Lower Interest Rates in April by Unanimity because the Increase of the Euro Moderates Inflation – Pledge Times

Donald Trump has not managed to get Federal Reserve President Jerome Powell to cut interest rates, but although it will not be a comfort — rather, on the contrary — a certain paternity can be attributed to the decision of the European Central Bank to cut them down in April: without the Republican’s April 2 commercial barrage and putting financial markets in check, Frankfurt might have put the price of money on hold.

The minutes of the Council of the European Central Bank point out that even the most orthodox governors and executives have been convinced that the trade war will reduce price rises in the coming months.

The ECB decided to lower interest rates in April by unanimity because the increase of the euro moderates inflation – Pledge Times

The Governing Council of the European Central Bank (ECB) decided to lower interest rates in April by unanimity because the appreciation of the euro against the dollar moderates inflation and counteracts other “negative” effects of the commercial war promoted by the administration of Donald Trump of the United States. The ECB prepares two more cuts of interest rates until they are below 2% this year The minutes of the last meeting of this bodywh…

Minutes of the last monetary policy summit/The central bank points out that it would have lowered the rates the same, to 2.25%, even if Trump had not unleashed his tariff war.The Governing Council now sees risks that inflation will be diverted to the bottom of the target. Read