ECB diGuindos is no the wires saying:
- We are optimistic with regard to inflation.
- We believe that will converge toward target in coming quarters on a stable basis
- Main impact of tariffs on growth and short lived impact on inflation
- For growth, trade war is extremely detrimental.
- Need to be very prudent with policy.
If exports will be less because of tariffs on goods, growth will be less, offsetting tariff inflation - or that is the thought.
