According to accounts from the March 5-6 meeting, the European Central Bank (ECB) discussed the impact of U.S. trade barriers on economic growth and inflation. It was emphasized that the uncertainties related to trade tensions and other factors could hinder growth and potentially lead to inflation falling below the target in the medium term. Additionally, the ECB mentioned that the imposition of U.S. tariffs and retaliatory measures might pose inflation risks in the short term. The ECB is cautious and refrains from committing to any specific actions until there is sufficient data and evidence to support a decision.