The euro area faces challenges for US tariffs: Is there an increase in inflation?

The global trade war, launched by US duties, will probably accelerate inflation, and thus delay the normalization of monetary policy in the euro areaHe said a member of the European Central Bank Governing Council (ECB) Yannis Stornaras. TASR reports this based on Reuters report.

“Any further increase in inflation or inflation expectations could delay or even stop the process of normalization of monetary policy, worsen financial conditions and growth dynamics,” The Governor of the Greek Central Bank said.