Central Banks

ECB Prepares for June Cut With Tariffs Expected to Hurt Economy

WATCH: ECB Governing Council Member and Bundesbank President Joachim Nagel speaks with Lisa Abramowicz on “Bloomberg Surveillance.”Source: Bloomberg

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By Jana Randow and Alexander Weber

April 27, 2025 at 3:30 PM UTC

Updated on

April 28, 2025 at 6:42 AM UTC

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European Central Bank officials are preparing to lower interest rates further, expecting lasting damage to the economy from US tariffs even if Donald Trump’s administration softens its stance in the weeks ahead.