ECB's Cipollone says uncertainty may increase, hitting a recovery, and warned that global turbulence could hit the euro area, according to Bloomberg

ECB's Cipollone says uncertainty may increase, hitting a recovery, and warned that global turbulence could hit the euro area, according to Bloomberg.

Cipollone's comments underscore a potentially hawkish shift in the ECB's outlook, as rising uncertainty and global turbulence could weigh on the euro area's recovery. This situation might force the ECB to adjust their policy stance more cautiously, impacting growth forecasts and keeping traders focused on upcoming meetings and economic data. Expect increased volatility in EUR, as markets assess how these warnings influence future rate decisions.