0555 GMT - A pause in cuts is no longer an option for the European Central Bank's rate setters, ING's Carsten Brzeski says. U.S. tariffs on European goods, and Washington's more generally protectionist policy under President Trump, have revived growth fears for a eurozone that appeared to have a rosier horizon in the shape of planned European investment in defense and infrastructure, Brzeski tells investors in a note. "The strengthening of the euro as well as the drop in energy prices, has added to the disinflationary forces the current trade tensions will have for the eurozone," he says. The ECB, which looked to be mulling a pause in its recent series of cuts to interest rates, will have no choice but to continue to ease rates when its governing council meets Thursday in Frankfurt, he says. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
April 14, 2025 01:56 ET (05:56 GMT)
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