ECB’s de Guindos: Facing brutal uncertainty

• Facing brutal uncertainty.
• Q2, Q3 growth will be almost flat.
• Consumption as a driver hasn’t happened.
• Current interest rate position is correct.

Central bankers have been lamenting about high uncertainty since Trump started with his tariffs. The Fed has been the only central bank taking a more cautious approach and not adjusting monetary policy, while others like the ECB delivered rate cuts because of growth fears.

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