The European Central Bank is alert to new data generated by Trump’s election in the US. Any implementation of his stated intentions to increase tariffs would cause significant negative effects on the European economy, a prospect that has raised alarm in Brussels and Frankfurt. At the ECB staff, they are strategizing for the day ahead with eyes on the economic policy announcements that Donald Trump will make as President after he is sworn in on January 20. The ECB is determined to move immediately with a weapon on the interest rate policy to the extent, of course, that it needs to take immediate action and if this is required by the announcements that will be made on the other side of the Atlantic. In any case, until then, interest rate cuts will continue at the pace already discounted by ECB President Christine Lagarde’s public statements. Thus, as long as the positive course of inflation is confirmed, a reduction in interest rates is expected by […]
Source: News Beast
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