you are currently viewing:Meeting of 16-17 April 2025 Account of the monetary policy meeting of the Governing Council of the European Central BankMay 22, 2025--Held in Frankfurt am Main
The severity of the tariffs and the manner in which they had been introduced had led to a breakdown of standard cross-market correlations, with a sell-off of US equities occurring at the same time as a sell-off of Treasuries in the context of a marked depreciation of the US dollar against major currencies. Movements in euro area risk-free rates reflected the opposing impacts of the historic German fiscal package and the global trade conflict. Source: ECB |
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