(Bloomberg) -- European Central Bank Governing Council member Jose Luis Escriva said monetary policy must be approached with caution given the current “extraordinary uncertainty.”
Most Read from Bloomberg
-
Trump Targets $128 Billion California High-Speed Rail Project
-
Trump Asserts Power Over NYC, Proclaims ‘Long Live the King’
-
Sorry, Kids: Disney’s New York Headquarters Is for Grown-Ups
“It’s very difficult to gauge the impact of events that are unfolding,” Escriva said in an interview published Sunday by Spanish newspaper La Vanguardia. “It’s advisable to be cautious, especially from the point of view of monetary policy; wait for doubts around certain issues to be cleared, see how the different geopolitical dynamics are resolved.”
The ECB is approaching matters “meeting to meeting” and there “isn’t a pre-established future path for interest rates,” Escriva said. European demand overall “still shows some clear signs of weakness, with notable differences among countries.”
Escriva is governor of the Bank of Spain.
Most Read from Bloomberg Businessweek
-
India’s Most Reliable Retirement Plan: Selling Grandma’s Jewelry
-
The Undocumented Workers Who Helped Build Elon Musk’s Texas Gigafactory
-
Trump Job Cuts Threaten Safety at National Parks, Workers Say
©2025 Bloomberg L.P.