ECB policymaker says Trump tariff hikes won’t shift Europe’s inflation outlook

TOKYO (Reuters) – Tariff hikes under the new Trump administration do not shift the inflation outlook in Europe, ECB policymaker Francois Villeroy de Galhau said on Thursday, urging the European Central Bank to keep its options open.

“The balance of risks on growth and inflation is … shifting to the downside, and possible U.S. tariffs are not expected to alter significantly the inflation outlook in Europe,” Villeroy said in a speech in Tokyo.