منطقة اليورو سعر الفائدة

The European Central Bank’s fight against inflation is approaching its final stages, but trade tensions could pressure prices in the short term, while a prolonged trade war may drive inflation higher in the longer term, according to the minutes from its April 16–17 meeting. While recent trade disputes and US tariffs are expected to weigh on economic growth, ECB officials still see a clear path to achieving price stability as disinflationary forces are likely to dominate in the short term. However, some policymakers cautioned that a prolonged trade war could cause long-term inflationary effects by disrupting global supply chains. At the April meeting, the ECB implemented its seventh rate cut in the past year and is widely expected to reduce rates again on June 5, with markets assigning a 90% probability to another cut. Investors also anticipate one further rate reduction later this year, after which the ECB’s deposit rate is projected to stabilize around 1.75%.