Europe could be a big loser in US-China trade war, ECB warns

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FRANKFURT: European Central Bank interest rates have room to fall further as inflation moderates, ECB board member Piero Cipollone said, warning that the US administration's trade war with China could have a detrimental impact on the 20-member euro zone.

Inflation inched up to 2.5 per cent last month but the ECB sees it back at 2 per cent sometime this summer after four years above target.

The big uncertainty is US trade policy and that could hit Europe hard, even before any direct trade barriers on the bloc, Cipollone argued.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaGermany

Topics: Euro China Growth Cent Rate Other Cipollone Economy Inflation Trade Target

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 18:40:33 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 648 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25924344

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Official Website: channelnewsasia.com

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