ECB Tone Meter Weekly Update: Dovish Shift Driven by Tariff Threats and Chinese Rerouting Fears
By Marta Vilar – MADRID (Econostream) – The ECB's tone in our ECB Tone Meter moved slightly dovishly for the Governing Council as a whole and the Executive Board alone, settling at +0.04 and +0.12 respectively, though both remain in positive – i.e. hawkish – territory.
23 January 2026














