ECB President Lagarde stated that they are ready to use all the tools at their disposal to ensure price stability and financial stability. The President of the European Central Bank (ECB), Christine Lagarde, emphasized that they closely monitor comments on tariffs and are prepared to use all the tools at their disposal to ensure price stability and financial stability. Lagarde, Eurogroup President Paschal Donohoe, and European Commission Executive Vice-President Valdis Dombrovskis, made statements to the press following the meeting of the Eurozone finance ministers in Warsaw, the capital of Poland, the current holder of the EU Presidency. Lagarde mentioned that the ECB will remain silent on monetary policy this period but highlighted the need to consider the possible or existing impact of tariffs on trade. Reminding that the US has paused reciprocal tariffs, Lagarde used the expression “the ECB is monitoring the situation and is always ready to use the tools at their disposal.” Lagarde stressed that the ECB has the necessary tools to ensure price stability and financial stability and will use them if necessary. She noted that the ECB’s Governing Council believes that it is necessary to jointly enhance fiscal capacity against shocks, stating, “We are closely monitoring all market developments. We have observed some volatility recently. However, in Europe, especially in the Eurozone, we have observed that market infrastructures and markets, including bond markets, are functioning regularly.” She mentioned, “We are not targeting any exchange rate. However, we are clearly monitoring the impact of exchange rate changes on inflation and paying attention to it.” Donohoe also pointed out that the economic fundamentals of the Eurozone are strong and stable. Donohoe explained that the decision to postpone US tariffs is an opportunity for negotiation, stating that finance ministers agree on joint action in this regard. Dombrovskis stated, “The rapid developments regarding tariffs make it difficult to assess their impacts on the EU’s economic outlook.” Emphasizing that the US will be most affected by this situation, Dombrovskis mentioned that tariffs will reduce consumers’ purchasing power and real wages, make imported intermediate goods more expensive, reduce investor confidence, and weaken the US economy. Dombrovskis stated that the EU does not want to engage in a tariff conflict and expressed their readiness to negotiate an acceptable agreement that protects economic interests mutually.