6 August
Head of Bank of France: Trump tariffs won't halt EU’s inflation slowdown
According to Francois Villeroy de Galhau, a member of the European Central Bank's (ECB) Governing Council, the new US tariffs are unlikely to disrupt the ongoing slowdown in EU inflation. The official added that the decline in the Consumer Price Index strengthens the case for further monetary policy easing by the ECB.
As Reuters reports, the figure fell to 2.2% last month, matching ECB officials' expectations. This reading aligns with the European Central Bank's 2% inflation target.
The Governor of the Bank of France stated that the new US tariffs on the EU's major trading partners are unlikely to significantly impact inflation trends in the bloc.
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