European Central Bank Governing Council Member: The unexpected strength of the euro is dragging down inflation, and the impact of tariffs is difficult to assess

European Central Bank Governing Council member Jose Luis Escriva stated that the euro and energy prices are dragging down consumer price growth, while the impact of U.S. tariffs is difficult to assess. He mentioned that the depreciation of the dollar and the appreciation of the euro were unexpected. The European Central Bank will hold a policy meeting on June 5, where a 25 basis point rate cut is expected, along with the release of new economic forecasts. Escriva emphasized that the assessment of tariff impacts will depend on Europe's response and will consider various scenarios for analysis