ECB’s Escriva warns of US tariffs’ toll on euro zone economies

European Central Bank policymaker and Spain’s central bank governor Jose Luis Escriva said on Wednesday that the implementation of US tariffs would hurt the Spanish and other euro zone economies, though the impact on inflation remained uncertain.
A global financial market rout triggered by the US tariffs announcement has strengthened the case for another ECB rate cut next week, economists say. The development also supports calls for more rapid policy easing by the euro zone’s central bank.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama