ECB nears 2% inflation target but faces service inflation and opposes U.S. tariff threats.

The European Central Bank (ECB) is nearing its inflation target of 2%, with current rates at 2.2%, though service inflation remains high at 3.9%. ECB President Christine Lagarde opposes retaliating against U.S. tariff threats, arguing that trade conflicts harm the global economy. The ECB is considering further gradual interest rate cuts to manage economic uncertainty, particularly due to unpredictability from incoming U.S. policies.

3 months ago
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