- Facing brutal uncertainty.
- Q2, Q3 growth will be almost flat.
- Consumption as a driver hasn't happened.
- Current interest rate position is correct.
- Seen remarkable services inflation deceleration.
- Inflation figure has been positive.
- Rate policy is compatible with convergence to 2% target.
- We must keep all rate options open because of uncertainty.
- Doubts regarding US are reflected in the dollar.
- The euro could be reserve currency if Europe does it right.
- I hope there is a US-EU trade agreement by July 9.
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.
