ECB’s Villeroy: The balance of risks on growth inflation is shifting to the downside

November 21, 2024
-FCHFX

November 21, 2024 at 05:38AM

Victory against inflation is in sight in Europe

Inflation could be sustainably at 2% in early 2025

Trump tariffs not expected to significantly alter inflation outlook in Europe

Should continue to reduce degree of monetary policy restriction

Pace of reduction must be determined by agile pragmatism

We must maintain full optionality for upcoming meetings

It is interesting to see Villeroy take a bit of a different approach. His colleagues have gone out of the way to highlight risks regarding Trump tariffs but Villeroy is pretty much dismissing them, at least on the inflation front. But it is well worth considering the potential impact of those tariffs on the economic outlook at least.

This article was written by Justin Low at www.forexlive.com.

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