Reported 5 days ago
European Central Bank policymaker Joachim Nagel stated that the tariffs proposed by U.S. President-elect Donald Trump could disrupt international trade but may have only a minor effect on inflation. Citing studies on global trade's influence on domestic prices, he emphasized that significant decreases in global integration would be necessary to cause noticeable inflationary pressures. Moreover, he reassured that central banks could counteract potential inflation with higher interest rates.
Source: YAHOO