- ECB’s Nagel: Trump's tariffs may have a minor impact on inflation
Market news
18 November 2024
ECB’s Nagel: Trump's tariffs may have a minor impact on inflation
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Monday, “Trump's tariffs may have a minor impact on inflation.”
He added, “global integration would have to decrease substantially to cause a noticeable rise in inflationary pressures.”
Market reaction
These comments have little to no impact on the Euro, as the EUR/USD pair keeps its range near 1.0500 at the press time.
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