European Central Bank Governing Council Member Nagel: Given the high level of uncertainty, the European Central Bank cannot commit to the interest rate path.

Gate News bot message, European Central Bank Governor Nagel stated that given the shadow cast on the outlook by U.S. trade policy and the situation in the Middle East, the European Central Bank should not commit to a specific interest rate path.

Neel Kashkari stated on Monday: "Apart from the developments in the Middle East, the greatest uncertainty in our future monetary policy process is undoubtedly the unpredictable U.S. trade policy." He indicated that not only is it unclear how strong the impact will be, but it is also uncertain whether President Trump's tariff measures will lead to inflation or suppress it. Kashkari said: "Therefore, as members of the governing council, it is wise for us to remain flexible and data-dependent."

Source: Jinshi