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Home > Finance > ECB's Wunsch says euro at parity may cushion impact of new tariffs

Finance

ECB's Wunsch says euro at parity may cushion impact of new tariffs

Published by Global Banking and Finance Review

Posted on December 18, 2024

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MUMBAI (Reuters) - A weaker euro falling to parity with the U.S. dollar would cushion the impact of any new U.S. tariffs on euro zone growth and push up inflation, European Central Bank policymaker Pierre Wunsch told Reuters on Wednesday.

The Belgian central bank governor also said in an interview with Reuters' Global Market Forum that four more ECB rate cuts were a "meaningful scenario" but he was open to taking a different path if inflation and growth data required it.

(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/3KFHrhe)

(Reporting By Divya Chowdhury in Mumbai and Francesco Canepa in Frankfurt; Editing by Tomasz Janowski)

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