The Chief Economist of the European Central Bank stated that policy decisions depend on the impact of tariffs on inflation.

Chief Economist of the European Central Bank, Philip Lane, said that the inflation rate will hover around 2% for the remainder of the year, but the impact of US tariffs on medium-term price pressures will determine monetary policy. Lane stated that some factors are "trending towards supporting a decrease in inflation in the eurozone." At the same time, retaliatory tariffs and supply chain disruptions could lead to higher interest rates. "Therefore, we will closely monitor economic data in future meetings," he said.