Central Banks
ECB’s Villeroy Sees No Big Inflation Hit From Trump Tariffs
- Rate cuts should continue, with pace optional, Villeroy says
- Bank of France chief speaks at Europlace conference in Tokyo
Francois Villeroy de Galhau
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Potential trade levies during a second Donald Trump presidency wouldn’t derail the European Central Bank’s easing plans, Governing Council member Francois Villeroy de Galhau said.
Possible US tariffs aren’t expected to significantly alter the outlook for inflation in Europe, where risks to price increases and growth are “shifting to the downside,” the French central bank chief said at a conference in Tokyo on Thursday.