The impact of U.S. tariffs will likely be to push down euro zone consumer prices rather than create a new round of inflation, European Central Bank board member Robert Holzmann said. The typically hawkish policymaker also said the uncertainty meant the ECB’s next rate decision was “wide open.” “We don’t know where this is going to end up,” Holzmann said in an interview in Washington as he attended the International Monetary Fund’s spring meetings. But he said he agreed with ECB President Christine Lagarde that the net effect of the news on U.S. tariffs so far appeared to be pushing down, not up, inflation.”