---
title: "European Central Bank Governing Council Member Stournaras: U.S. tariffs will not hinder interest rate cuts in April"
description: "Yannis Stournaras, a member of the European Central Bank's Governing Council and the Governor of the Bank of Greece, stated that the tariffs announced by the U.S. government are expected to have a \"ne"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/234354860.md"
published_at: "2025-04-03T08:05:27.000Z"
---

# European Central Bank Governing Council Member Stournaras: U.S. tariffs will not hinder interest rate cuts in April

> Yannis Stournaras, a member of the European Central Bank's Governing Council and the Governor of the Bank of Greece, stated that the tariffs announced by the U.S. government are expected to have a "negative impact on the GDP growth rate of the Eurozone, with preliminary estimates for the first year ranging from 0.3% to 0.4%." Stournaras said, "The downward trend in inflation is expected to continue. In my view, the recent developments will not pose an obstacle to further interest rate cuts in April." Stournaras added, "Greece's exports of goods and services to the U.S. account for about 4.5% of the country's total exports, so the direct impact is expected to be limited. However, the Greek economy will be indirectly affected by the negative impact of the tariffs on Eurozone GDP growth."

According to the Zhitong Finance APP, Yannis Stournaras, a member of the European Central Bank's Governing Council and the Governor of the Bank of Greece, stated that the tariffs announced by the U.S. government are expected to have a "negative impact on the GDP growth rate of the Eurozone, with preliminary estimates for the first year ranging from 0.3% to 0.4%." Stournaras said, "The downward trend in inflation is expected to continue. In my view, recent developments will not pose an obstacle to further interest rate cuts in April."

Stournaras added, "Greece's exports of goods and services to the United States account for about 4.5% of the country's total exports, so the direct impact is expected to be limited. However, the Greek economy will be indirectly affected by the negative impact of tariffs on Eurozone GDP growth."

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.