This is going to be a lively 5 years.10% tariffs are part of ECB baseline.Looks like inflation is around the target.
ECB speakers continue to place a lot of focus on downward deviations from 2% as they fear undershooting their target. Notable is also the comments about the 10% tariff baseline which suggests that 10% is already priced in as expected.
This article was written by Giuseppe Dellamotta at www.forexlive.com.