TechFlow news, June 5 — According to Jinshi Data, institutional analysis indicated that the European Central Bank (ECB) cut interest rates again as expected on Thursday, which could deepen U.S. President Trump's disappointment with Federal Reserve Chair Powell. On Wednesday local time, Trump said Powell should now lower rates, citing the ECB's move as an example. Fairly speaking, the ECB's decision may be clearer compared to the Fed's, because macroeconomic uncertainty and the impact of Trump's tariffs are more likely to suppress prices in Europe while putting pressure on economic growth. Nomura economist Andrzej Szczepaniak believes the ECB's key interest rate could fall further from its current 2% to 1.5% by September. Later, ECB President Lagarde will hold a press conference; the biggest question is how much further policymakers can reduce borrowing costs—some argue rates are already low enough not to constrain the economy and oppose further significant rate cuts.
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