机构：关税不确定性可能会促使欧洲央行不止一次降息

Core Viewpoint - The uncertainty surrounding tariffs may lead the European Central Bank (ECB) to lower interest rates more than the market currently anticipates [1] Group 1: Economic Impact - Algebris Investments analyst Gabriele Foa suggests that trade tensions and tariff developments could result in a lower endpoint for the rate-cutting cycle than what the market expects [1] - Current market expectations indicate that the ECB is likely to cut rates by 25 basis points in December [1] Group 2: Timeframe for Effects - Foa notes that the spillover effects of tariffs on Europe may take longer to manifest [1]