Skip to main content

Europe Weekly: Tariff front-running fades, disinflation continues

While policymakers at the ECB indicated this week that they may be at the end of their easing cycle, we think they will probably make one more rate cut this year, in September. Meanwhile, we agree with the ECB’s assessment that tariffs would have a small disinflationary impact and a larger negative impact on economic activity. 

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.