ECB Official Warns U.S. Trade Measures May Impact Eurozone Inflation

According to Odaily, European Central Bank Executive Board member Fabio Panetta has expressed concerns that U.S. trade measures could negatively affect Eurozone inflation in the short term by hindering global economic growth. On Tuesday, Panetta stated that the impact might lead to a decrease in Eurozone inflation rates, as real interest rates in the region have risen and the euro has appreciated following the U.S. announcement of tariffs.