ECB's Simkus: Eurozone inflation depends on EU retaliation to the US ...Middle East

Eurozone inflation depends on EU retaliation to the US.Geopolitics since the starts of the year is bad news for the economy.There is downward pressure on inflation.Need to watch for China goods rerouting to Europe.ECB June projections may be a little bit worse.June ECB cut is needed.There is no central scenario for ECB rates.It's unclear if a post-June cut will be in July or September.We are more or less there on inflation.

Now that the US has made it clear that the 10% tariff rate is the floor, the ball is in EU's court. Will they take a more hawkish stance?

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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