RBNZ's Conway: Further rate cuts possible if inflation keeps easing

US and EU close in on 15% tariff deal - FT https://t.co/P6UHXLy3ol BRUSSELS COULD AGREE TO THE SO-CALLED RECIPROCAL LEVIES TO AVOID THE US PRESIDENT’S THREAT TO RAISE THEM TO 30 PER CENT FROM AUGUST 1 - FT US AND EU WOULD WAIVE TARIFFS ON SOME PRODUCTS, INCLUDING AIRCRAFT, SPIRITS AND MEDICAL DEVICES- FT BLOC WILL CONTINUE TO PREPARE A POSSIBLE €93BN PACKAGE OF RETALIATORY TARIFFS, SET AT UP TO 30%, IN CASE THEY CANNOT AGREE A DEAL BY AUG 1- FT

Lagarde Says ECB Is Well Positioned And "In A Good Place" To Handle Economic Challenges ECB’s Pres Lagarde: June Baseline Holds - Attentive To Path of Negotiations ECB’s Pres Lagarde: Confident That Inflationary Shock Behind US - First Of All Wait, Elements Will Pan Out In Next Few Months ECB'S LAGARDE: WE DON'T TARGET EXCHANGE RATE, WE MONITOR ECB’s Pres Lagarde: We're Not Going To Be Moved Away From Minor Deviation From Target (In 2026) - You Will Always Find Two Or Three Governors Very Concerned About Undershooting

TRUMP: WILL HAVE STRAIGHT SIMPLE TARIFFS OF BETWEEN 15 AND 50% ON COUNTRIES TRUMP: IN SERIOUS TALKS WITH EU IF THEY AGREE TO OPEN UP TO U.S. BUSINESSES WE WILL LET THEM PAY LOWER TARIFF TRUMP: IN PROCESS OF COMPLETING DEAL WITH CHINA MOSTLY WILL BE CHARGING STRAIGHT TARIFFS TO MOST OF THE REST OF THE WORLD TRUMP CLAIMED THAT JAPAN PAID $550 BILLION UPFRONT AS A PRICE FOR THE "PRIVILEGE" OF NEGOTIATING WITH THE U.S., SENDING A POINTED MESSAGE TO OTHER COUNTRIES WITH HIGH TARIFFS. TRUMP: WANT TO GET OIL PRICE DOWN FURTHER