ECB Confidence Strong for Now Against Trade, Italy Risks
- Cites protectionism in account of latest policy meeting
- Warns against fiscal splurge as populists take charge in Italy
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European Central Bank policy makers flagged protectionism and mounting global risks as potential threats to the euro area, though they stuck to their conviction about the underlying momentum in the economy for now.
“Uncertainty around the outlook had increased,” the Governing Council said in the account of its April 25-26 monetary-policy meeting published on Thursday. “Risks related to global factors, including the threat of increased protectionism, had become more prominent and warranted monitoring.”