According to the Wisdom Financial APP, Francois Villeroy de Galo, a member of the European Central Bank's Governing Council and President of the French Central Bank, said that although the return of Trump to the White House may raise concerns about trade tax levies, this will not affect the European Central Bank's loose plan.

He pointed out that the tariffs the United States may impose are not expected to significantly alter Europe's inflation outlook while Europe's price increases and growth risks are turning downwards. Therefore, on October 17th, the European Central Bank decided to cut the deposit rate by 25 basis points to 3.25%, and stated that this will not be the last rate cut.

At the same time, Villeroy emphasized that the European Central Bank should not commit to specific rate hikes in advance, and the extent and timing of future rate cuts are still uncertain. In addition, he also stated that the strong wage data in the euro area align with the European Central Bank's expectations, which have been taken into account in previous forecasts.

Villeroy elaborated on the European Central Bank's position at the meeting. He mentioned that after Trump's return to the White House, policymakers are debating how a more diversified global economy will affect their plans to restore price stability and achieve the 2% inflation target.

However, he believes that the trade taxes the US may impose will not have a significant impact on Europe's inflation outlook. On the contrary, he emphasizes that Europe is facing the challenge of price increases and growth risks turning downwards.

Based on this assessment, the European Central Bank made the decision to cut interest rates on October 17th. Villeroy stated that this is the third rate cut by the European Central Bank, and it will not be the last. He reiterated the European Central Bank's determination to continue lowering the degree of monetary policy constraints but emphasized that the pace should be determined by agile pragmatism and maintain the right to choose for the upcoming meeting.

In addition, Villarouwa also responded to concerns about wage data in the eurozone. He pointed out that the strong wage data in the eurozone released on Wednesday align with the expectations of the European Central Bank and had already been taken into account in the forecasts for September. He emphasized that the latest wage increases in the third quarter negotiations are mainly influenced by the lagging effects of past negotiations in Germany, which is a somewhat backward-looking indicator.

Overall, Villarouwa's remarks demonstrate the European Central Bank's firm stance and flexible response to global economic uncertainty. Despite concerns that Trump's return to the White House may trigger worries about trade tariff imposition, the European Central Bank will continue to move forward with its established easing plan and adjust monetary policy flexibly according to changes in the economic situation.