BRUSSELS (Reuters) -The European Central Bank will consider risks beyond trade tariffs, from security concerns to potential penalties on foreign investors, when it assesses the global landscape, the ECB’s chief economist Philip Lane said on Wednesday. “This uncertainty extends beyond the calibration of new tariff regimes and includes the possibility of a broader set of […]
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ECB warns of risks beyond tariffs: from security to capital flows
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BRUSSELS (Reuters) -The European Central Bank will consider risks beyond trade tariffs, from security concerns to potential penalties on foreign investors, when it assesses the global landscape, the ECB’s chief economist Philip Lane said on Wednesday.
“This uncertainty extends beyond the calibration of new tariff regimes and includes the possibility of a broader set of non-tariff barriers, a deeper intertwining of economic policies and security policies and possible revisions to the treatment of foreign portfolio investors and foreign direct investors,” Lane told an event in Brussels.
(Reporting by Philip Blenkinsop, Writing by Francesco Canepa, Eidting by Timothy Heritage)