President Lagarde of the ECB stated that they are ready to use all tools at their disposal to ensure price stability and financial stability. The President of the European Central Bank (ECB), Christine Lagarde, mentioned that they are closely monitoring tariff discussions and are prepared to use all available tools to ensure price stability and financial stability. Lagarde, along with Eurogroup President Paschal Donohoe and EU Commissioner for the Economy Valdis Dombrovskis, made statements to the press at the end of a meeting of Eurozone finance ministers held in Warsaw, the capital of Poland, the current presidency of the EU. Lagarde pointed out that there would be silence on monetary policy during this period, emphasizing that they need to take into account the potential or existing impact of tariffs on trade. Highlighting that the U.S. has suspended reciprocal tariffs, Lagarde used the expression “ECB is monitoring the situation and is always ready to use its tools.” She emphasized that the ECB has the necessary tools to ensure price stability and financial stability and will use them if necessary. Lagarde mentioned that the ECB’s Governing Council always believes that enhancing joint fiscal capacity against shocks is necessary, saying, “We are closely monitoring all market developments. We have observed some volatility lately. However, we have observed that market infrastructures and markets operate in an orderly manner in Europe, especially in the Eurozone, including bond markets.” She stated, “We are not targeting any exchange rate. However, we clearly monitor the impact of exchange rate changes on inflation and pay attention to it.” Donohoe also underlined that the economic fundamentals of the Eurozone are strong and stable. Describing the U.S. decision to postpone tariffs as an opportunity for negotiation, Donohoe expressed that finance ministers agreed on joint action in this regard. Dombrovskis said, “The rapid developments regarding tariffs make it difficult to assess their impact on the EU’s economic outlook.” Noting that the U.S. will be most affected by this situation, Dombrovskis stated that tariffs will reduce consumers’ purchasing power and real wages, increase the cost of imported intermediate goods, decrease investor confidence, and weaken the U.S. economy. Dombrovskis, stating that the EU does not want to engage in a tariff conflict, emphasized that they are ready to negotiate an acceptable agreement that protects economic interests mutually.