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

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2024.12.18 03:35

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.

© Reuters. FILE PHOTO: A shopper pays with a ten Euro bank note at a local market in Nantes, France, September 17, 2024. REUTERS/Stephane Mahe/File Photo

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.

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2 hours ago

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