Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > ECB's Escriva says US tariffs will hit economies, effect on inflation less clear
    Headlines

    ECB's Escriva says US tariffs will hit economies, effect on inflation less clear

    Published by Global Banking & Finance Review®

    Posted on April 9, 2025

    2 min read

    Last updated: January 24, 2026

    ECB's Escriva says US tariffs will hit economies, effect on inflation less clear - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    ECB's Escriva warns US tariffs will affect euro zone economies, with unclear inflation impact. Spain may revise growth forecasts amid potential economic slowdown.

    ECB's Escriva: US Tariffs Impact Euro Zone, Inflation Uncertain

    By Jesús Aguado

    MADRID (Reuters) -The implementation of U.S. tariffs will hit the Spanish and other euro zone economies though the impact on inflation will be less clear, European Central Bank policy maker and Spain's central bank governor Jose Luis Escriva said on Wednesday.

    A rout in global financial markets triggered by the U.S. tariffs announcement has solidified the case for another ECB rate cut next week and supports arguments for even quicker policy easing from the world's second largest central bank, economists say.

    Escriva said it was too early to talk about recession but added that the result of U.S. policies was a disruption of supply, "a very harsh one, which does have the potential to generate sharp falls in economic activity or a slowdown in economies like ours."

    "I wouldn't talk about a recession in any case," Escriva told Spanish broadcaster TVE.

    Regarding inflation, Escriva said that the U.S. levies could have both downwards and upwards effects on prices in the euro zone, such as a fall in demand, consumption and investments or short-term disruptions on supply chains.

    "We have to look at the balance of these two elements and combine them to see what the net result is. Then the direction is not clear and if, for example, we conclude that the effects on confidence are persistent (,..) we would have to make decisions accordingly," he said.

    In the case of Spain, Escriva said the central bank would revise downwards its growth forecasts for the Spanish economy this year, without saying by how much. He added job creation could also be hit.

    Last month, the Bank of Spain said it expected the country's economy to expand by a strong 2.7% this year, up from the 2.5% forecast in its previous quarterly update. Its forecast at the time had not taken into account any effect of recent geopolitical tensions.

    (Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro and Toby Chopra)

    Key Takeaways

    • •US tariffs will impact euro zone economies.
    • •Inflation effects of tariffs are uncertain.
    • •ECB may consider rate cuts due to market conditions.
    • •Spain's economic growth forecast may be revised down.
    • •Supply chain disruptions could affect economic activity.

    Frequently Asked Questions about ECB's Escriva says US tariffs will hit economies, effect on inflation less clear

    1What is the main topic?

    The main topic is the impact of US tariffs on euro zone economies and the unclear effects on inflation.

    2How might US tariffs affect Spain?

    US tariffs could lead to a downward revision of Spain's economic growth forecast and impact job creation.

    3What is the ECB's potential response to tariffs?

    The ECB may consider further rate cuts and quicker policy easing in response to market conditions triggered by US tariffs.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    View All Headlines Posts
    Previous Headlines PostGlobal pharma shares plunge as Trump doubles down on tariff threat
    Next Headlines PostChina vows resolute measures as Trump's 104% tariffs kick in