U.S. tariffs factored into ECB's "worse scenarios", Kazimir says
ReutersApr 3, 2025 2:23 PM
April 3 (Reuters) - Tariffs announced by United States President Donald Trump are to a large extent factored into worse-case scenarios of the European Central Bank's forecasts, ECB board member Peter Kazimir said in an emailed comment on Thursday.
"These developments are, to a large extent, already factored into our forecasts — among the worse scenarios we must brace for," Kazimir said. "We need to see the European Union's response. Nevertheless, this is not good news for the economy."
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