11 April 2025 | Euro

Bloomberg poll: ECB monetary policy now hinges on US President's tariff decisions

Bloomberg poll: ECB monetary policy now hinges on US President's tariff decisions

Experts polled by Bloomberg forecast two more interest rate cuts by the European Central Bank (ECB) this year—but warn that US tariff policy could ultimately dictate the central bank's moves. In their view, the US President's decisions may change the strategy of the European regulator and have a negative impact on the region's economic recovery.

The experts' baseline scenario suggests ECB rate cuts of 0.25% each in April and June and then a pause until the end of 2026. However, Donald Trump's first months in office proved how unpredictable his actions can be. Thus, the experts polled by the agency cannot rule out alternative scenarios.

According to AFS Interest analyst Arne Petimezas, Donald Trump has managed to establish control over ECB monetary policy through erratic import tariffs.

Elena Berseneva MarketCheese
Period: 30.06.2026 Expectation: 1000 pips
Selling AUDUSD during corrective rebound to 0.69900
Today at 10:29 AM 19
Brent sell
Period: 30.06.2026 Expectation: 650 pips
Go short on Brent crude as Strait of Hormuz reopens
Today at 09:26 AM 17
Period: 23.07.2026 Expectation: 3000 pips
Invest in Tesla stock with $435 in sight
Today at 09:13 AM 12
Period: 30.06.2026 Expectation: 4000 pips
Sell Bitcoin with $60,000 target as bullish momentum fades
Today at 06:29 AM 14
Period: 30.06.2026 Expectation: 650 pips
Buying SPX with 7,550 in mind
Yesterday at 11:49 AM 42
Period: 31.07.2026 Expectation: 1300 pips
EURUSD sell-off targets 1.1325
Yesterday at 11:49 AM 18
Go to forecasts