European Central Bank Governor Pasaridis spoke to the media today about his views on the current economic situation. He stated that the current level of inflation is roughly in line with previous forecasts, which can be considered as meeting expectations. However, he also mentioned that the recent tariff issues have caused some turmoil in the market, bringing uncertainty to the economy.

Pasaridis especially emphasized that it is still too early to say that the European Central Bank's decision in July will be to pause interest rate cuts. His point is that everyone should not rush to conclusions and that further observation is needed. This remark was quite cautious, showing that central bank officials are currently very careful and hesitant to make definitive statements.

I noticed that he used the phrase "generally speaking" in an interesting way, acknowledging that inflation is within a controllable range while leaving some room for maneuver. After all, the current global economic situation is complex, and no one is willing to make guarantees. The tariff issue is indeed a troublesome matter, and many companies have been complaining about it recently.

Pasaridis's remarks should serve as a precautionary signal to the market, indicating that people should not expect the central bank to make any major moves immediately. This kind of statement aligns well with the European Central Bank's consistent approach, which tends to be more cautious. However, on the other hand, the global economy is currently not very prosperous, and the European Central Bank is under considerable pressure.

When he mentioned the decision in July, his tone was clearly very cautious. It seems that there are still discussions within the central bank about the next steps, and there may be differing opinions among committee members. During such a sensitive period, officials have to be very careful with their words.

Overall, Pasaridis's statement was neither too optimistic nor too pessimistic, just a very standard official comment. But upon closer inspection, it can be felt that the central bank is somewhat concerned about the economic outlook, especially regarding the uncertainty brought by tariff issues. In the coming months, it is expected that the European Central Bank will continue to adopt a wait-and-see attitude.