ECB's Knot: A US tariff of 25% on imports would lower GDP by about 0.3 pp ...Middle East

Tariffs would leave a persistent decrease in outputIn the near term, inflation might fall faster than March projections due to energy and uncertaintyGlobal supply chains could put upward pressure on prices in the medium termDynamics of underlying inflation are looking good at the momentBefore US tariffs announcement I would have favored a hold in March

There isn't much of a signal here. Right now the market is focused on the trade war.

This article was written by Adam Button at www.forexlive.com.

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