European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Monday, “Trump’s tariffs may have a minor impact on inflation.”
He added, “global integration would have to decrease substantially to cause a noticeable rise in inflationary pressures.”
Market reaction
These comments have little to no impact on the Euro, as the EUR/USD pair keeps its range near 1.0500 at the press time.
Source: https://www.fxstreet.com/news/ecbs-nagel-trumps-tariffs-may-have-a-minor-impact-on-inflation-202411180808