ECB’s Nagel: Politics with a steady hand required on monetary policy amid tariff turmoil
FXStreetJul 16, 2025 6:15 AM
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said in a Handelsblatt interview published late Tuesday, “’politics with a steady hand’ is currently required to deal with the uncertainty unleashed by US President Donald Trump's latest tariff threat”
“The effect on prices of both the geopolitical environment and the trade conflict with the United States was ‘extremely uncertain’", he added.
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