ECBs Stournaras:
- A 25 basis point cut by the ECB by the end of the year is reasonable
- Trump tariffs could lead to recession in the medium-term
In other ECB commentary, ECBs Lane is also talking and says:
- if policymakers had had perfect foresight about the shocks that were about to hitthe economy, interest rates would have been raised earlier and more sharply
I guess he speaks about the rate rise period after Covid - not current policy path.
