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    1. Home
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    3. >ECB's Centeno: trade war unlikely to spur inflation
    Headlines

    ECB's Centeno: Trade War Unlikely to Spur Inflation

    Published by Global Banking & Finance Review®

    Posted on March 20, 2025

    1 min read

    Last updated: January 24, 2026

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    Quick Summary

    ECB's Mario Centeno believes a global trade war won't increase inflation in Europe and may negatively impact prices.

    ECB's Centeno: Trade War Unlikely to Boost Inflation

    LISBON (Reuters) - A widening global tariffs war is unlikely to speed up inflation in Europe and could end up having a negative impact on prices, European Central Bank policymaker and Bank of Portugal Governor Mario Centeno said on Thursday.

    "I don't see how we can come out of this trade war scenario with an economy compatible with prices rising significantly," he told a news briefing, expecting also a contractionary economic impact from tariffs, which he likened to taxes.

    (Reporting by Sergio Goncalves, writing by Andrei Khalip)

    Key Takeaways

    • •ECB's Mario Centeno sees trade war as unlikely to increase inflation.
    • •Trade tariffs may have a contractionary economic impact.
    • •Tariffs likened to taxes by Centeno.
    • •Potential negative impact on European prices.
    • •Global tariffs war discussed in Lisbon.

    Frequently Asked Questions about ECB's Centeno: trade war unlikely to spur inflation

    1What is the main topic?

    The main topic is the impact of a global trade war on European inflation as discussed by ECB's Mario Centeno.

    2How does Centeno view tariffs?

    Centeno likens tariffs to taxes and expects them to have a contractionary economic impact.

    3What is Centeno's prediction on inflation?

    Centeno predicts that the trade war is unlikely to cause a significant rise in inflation in Europe.

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