According to Deep Tide TechFlow, economist David Rea stated that it takes great courage to assert that the European Central Bank's monetary easing cycle has ended, considering that uncertainties related to tariffs still exist. The rate cut in June has largely been priced in by the market, but this decision would not have been so clear without U.S. trade policy. The inflation rate in the Eurozone is very low, but price pressures have not completely disappeared, with a significant rise in core inflation in April. Rea indicated that further rate cuts later this year would send a clear signal that policymakers believe the economy needs more stimulus measures.