ECB's Cipollone: Trump tariffs could lower Euro area economic growth and inflation

Dhwani Mehta FXStreet

Speaking in a pre-recorded interview at a financial conference on Tuesday, European Central Bank (ECB) board member Piero Cipollone said that US tariffs would weaken the economy, translating into lower consumption and thus reduced pressure on prices.

"All this put together makes me think that we will have a reduction in growth but also a reduction in inflation," he said.

Market reaction

At the time of writing, EUR/USD is off the highs, trading 0.20% higher on the day at 1.0517.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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