Olaf Sleijpen: Geopolitics, trade uncertainty and inflation - chimera or reality?
What changed vs prior statement
- 01Shift in focus from investment union to geopolitics, trade uncertainty, and inflation indicates a broader economic concern.
- 02No material change in policy stance vs prior statement.
- 03Language essentially preserved across key paragraphs regarding economic stability and growth.
From the original
Speech by Mr Olaf Sleijpen, President of De Nederlandsche Bank, at the European Economics and Financial Centre, London, 17 June 2026.
Related speeches
4 itemsOlaf Sleijpen: Racing the clock - Europe's journey to a Savings and Investment Union
Olli Rehn: Geopolitical turmoil and the eurozone
The desk believes that geopolitical tensions are likely to exert upward pressure on the euro, as articulated by Olli Rehn, Governor of the Bank of Finland, who highlighted the eurozone's resilience amid external shocks. Per the full note [source], Rehn emphasized that the eurozone's economic fundamentals remain robust, suggesting that the euro could strengthen against the dollar as investors seek safe-haven assets. Current positioning reflects a market that is cautiously optimistic, with a consensus target for EUR/USD at 1.075, indicating a potential for appreciation in the near term.