European Central Bank: Trade policy uncertainty will affect investment and exports

5 June, ECB: Trade policy uncertainty will affect investment and exports, and an escalation of the trade war will lead to a slowdown in economic growth and inflation. Inflation is currently around the medium-term level of the 2% target, and it is determined to ensure that inflation stabilizes at its medium-term target level of 2%. Without committing to a specific interest rate path in advance, GDP growth is projected to be 0.9% in 2025, 1.1% in 2026, and 1.3% in 2027. (March expectations are 0.9%, 1.2%, 1.3%); Inflation is projected to be 2.0% in 2025, 1.6% in 2026, and 2.0% in 2027. (March estimates are 2.3%, 1.9%, 2.0%, respectively) ( )