ECB's Centeno: trade war unlikely to spur inflation
Published by Global Banking & Finance Review®
Posted on March 20, 2025
1 min readLast updated: January 24, 2026

Published by Global Banking & Finance Review®
Posted on March 20, 2025
1 min readLast updated: January 24, 2026

ECB's Mario Centeno believes a global trade war won't increase inflation in Europe and may negatively impact prices.
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)
The main topic is the impact of a global trade war on European inflation as discussed by ECB's Mario Centeno.
Centeno likens tariffs to taxes and expects them to have a contractionary economic impact.
Centeno predicts that the trade war is unlikely to cause a significant rise in inflation in Europe.
Explore more articles in the Headlines category


