ECB's Centeno: trade war unlikely to spur inflation
ReutersMar 20, 2025 11:54 AM
LISBON, March 20 (Reuters) - A widening global tariffs war is unlikely to speed up inflation in Europe and could end up having a negative impact on prices, European Central Bank policymaker and Bank of Portugal Governor Mario Centeno said on Thursday.
"I don't see how we can come out of this trade war scenario with an economy compatible with prices rising significantly," he told a news briefing, expecting also a contractionary economic impact from tariffs, which he likened to taxes.
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