European Central Bank (ECB) policymaker Yannis Stournaras said on Thursday, “US tariffs not an obstacle to April rate cut.”

Additional quotes

US tariffs will impact economic growth.

US tariffs to negatively impact euro area GDP growth rate by 0.3% to 0.4% in first year.

The inflation path remains unchanged.

Market reaction

EUR/USD was last seen trading at 1.0952, up 0.85% on the day.

Source: Fxstreet