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European Central Bank Deputy Governor Villeroy: Trump tariffs difficult to shake European inflation, central bank easing plan unchanged.
Although the return of Trump to the White House may cause concerns about the imposition of trade tariffs, this will not affect the loose plans of the European Central Bank.
The European Central Bank's Villeroy believes that Trump's tariffs will not have a significant impact on inflation in europe.
European Central Bank board member Francois Villeroy de Galhau stated that the potential trade tariffs during Donald Trump's second presidential term will not disrupt the European Central Bank's plans for easing policy. The French central bank governor mentioned at a conference in Tokyo on Thursday that the expected increase in tariffs by the United States is not likely to significantly alter Europe's inflation outlook. The risks of price increases and economic growth shifting in a 'weakly positive direction.' 'Based on this assessment, our board decided on October 17 to cut the deposit facility rate by 25 basis points to 3.25%, marking the third rate cut.'
Express News | European Central Bank's Villeroy: Trump's tariffs will not have a significant impact on inflation in the eurozone.