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US tariffs could affect the ECB (English version)

In case you weren't at the European Central Bank meeting, Stephen Hubble, Centtrip's chief analyst, underlines the fact that the ECB "probably does not make drastic changes to the monetary path" today.

Euro yo-yos on Draghi’s mixed messages

“Data for the single block have not shown any signs of improvement since the Central Bank meeting in March, with no rate increases scheduled until at least 2020 … it is unlikely that the ECB will deviate from its current wait-and-see stance. ”

“However, with the US announcing the possibility of applying tariffs to EU products worth $ 11 billion, including planes, olive oil and wine, this could be a precursor to new tariffs for European cars, something more worrying. “

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