ECB Ready to Act Against U.S. Tariffs, Says Lagarde

In a decisive statement, European Central Bank (ECB) President Christine Lagarde announced the ECB's readiness to deploy all available instruments to safeguard price and financial stability against the backdrop of U.S. tariffs. "We are closely monitoring the markets," Lagarde remarked, acknowledging the presence of volatility but reassuring that market operations, including those in bond markets, remain orderly.

Forex Volatility and Inflation Under Watch

Lagarde also highlighted the ECB's vigilance towards the potential inflationary impacts of fluctuating exchange rates. However, she chose not to delve deeper into the recent forex market volatility, leaving markets pondering the ECB's next moves.