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ECB's Escriva says US tariffs will hit economies, effect on inflation less clear
Escriva sees both downwards, upwards impacts on euro zone pricesWill have to weigh impacts before taking decisionsBank of Spain will revise downwards 2025 growth forecastsBy Jesús Aguado MADRID, April 9 (Reuters) - The implementation of U.S. tariffs will hit the Spanish and other euro zone econom...Reuters
Wed, Apr 9
EXCLUSIVE-ECB braces for bigger-than-anticipated growth hit from tariffs - sources
FRANKFURT, April 9 (Reuters) - Euro zone economic growth could fall much more from the impact of U.S. trade tariffs than initially estimated by the European Central Bank and the turmoil could also drag inflation down in the near term, four sources told Reuters.The ECB last month predicted that a traReuters
Wed, Apr 9
Eurozone growth to take a bigger hit from Trump’s tariffs than the ECB earlier estimated – Reuters
Citing sources with direct knowledge of the European Central Bank (ECB) thinking, Reuters reported on Wednesday that the “Eurozone growth is expected to take a bigger hit from US President Donald Trump’s tariffs than the ECB earlier estimated.”
Fxstreet
Wed, Apr 9
RBNZ cuts rates, signals more easing ahead – ING
The Reserve Bank of New Zealand delivered a widely expected rate cut and opened the door to further easing as trade tensions weigh on the outlook. With AUD and NZD under pressure, any sign of de-escalation between China and the US could offer much-needed relief.
India cenbank cuts rates, changes stance to 'accommodative' as US tariffs add to growth risks
RBI cuts policy rate for second consecutive meetingPolicy stance changed to 'accommodative' signalling room for further easing2025-26 GDP growth forecast cut to 6.5% from 6.7%; inflation forecast cut to 4% from 4.2%Trade protectionism, currency wars could further pressure rupeeBy Swati Bhat ...Reuters
Wed, Apr 9
U.S. tariffs to lead Spain's Central Bank to lower economic growth forecasts
MADRID, April 9 (Reuters) - The impact of U.S. tariffs on Spain will lead the Bank of Spain to revise down its growth forecasts, Spain's central bank governor and European Central Bank's policymaker Jose Luis Escriva said on Wednesday.Reuters
Wed, Apr 9
Nearly half of Swiss firms expect major hit from U.S tariffs, survey shows
ZURICH, April 9 (Reuters) - Swiss firms are concerned U.S. tariffs will hit demand in the United States, spark an economic downturn and put them at a disadvantage against rivals, a survey showed on Wednesday.The April 3-4 poll of 94 Swiss industry groups and companies by business group Economiesuiss...Reuters
Wed, Apr 9
China to convene a high-level meeting in response to US tariffs
Citing people with knowledge of the matter, Reuters reported on Wednesday that senior officials from China’s State Council, several government and regulatory bodies plan to hold a meeting as early as Wednesday in response to US President Donald Trump’s 104% tariffs on Chinese goods.Fxstreet
Wed, Apr 9
BoJ’s Ueda: Will continue to raise rates if economy keeps improving in line with outlook
Ahead of his meeting with the Japanese Financial Services Agency (FSA) and Ministry of Finance (MoF) on Wednesday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will continue to raise rates if the economy keeps improving in line with the outlook.”
Fxstreet
Wed, Apr 9
RPT-PREVIEW-Global market rout darkens outlook for European luxury labels
Hopes for luxury turnaround fade with tariff tumult Bernstein cuts luxury sales forecast to minus 2% from 5% growthPotential recession seen as bigger threat than tariffs directlyLVMH kicks off sector sales reports on April 15By Mimosa Spencer PARIS, April 9 (Reuters) - Growing fears that Donald T...Reuters
Wed, Apr 9
