ECB’s Panetta: Not pre-committing to a defined course on monetary policy

European Central Bank (ECB) executive board member Fabio Panetta said on Friday, “the ECB is not pre-committing to a defined course on monetary policy.”

Further comments

ECB outlook faces substantial, difficult-to-quantify risks.

Risks include US tariffs, Israel-Iran conflict.

Macroeconomic risks arise from conflicting signals in US trade policy, recent Iran-Israel conflict.

Market reaction