- Tariffs would leave a persistent decrease in output
- In the near term, inflation might fall faster than March projections due to energy and uncertainty
- Global supply chains could put upward pressure on prices in the medium term
- Dynamics of underlying inflation are looking good at the moment
- Before 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.
