Piero Cipollone, a member of the European Central Bank's Executive Board, stated in a video interview with Corriere della Sera that the increase in tariffs by the USA may reduce economic growth and inflation in the eurozone. "I think we will face more trouble in terms of overseas demand and increased competition in the domestic market," Cipollone said. "This will put pressure on our companies, and growth may also slow down." He added that the increase in USA oil production may put downward pressure on oil prices. Cipollone indicated that the decrease in crude oil costs and the possible relocation of products from china to europe may offset the inflationary pressures brought about by the USA interest rate hikes.
欧洲央行的Cipollone：美国关税将冲击经济增长和通胀
European Central Bank's Cipollone: US tariffs will impact economic growth and inflation.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
