BUCHAREST (Reuters) – A potential trade war once U.S. President Donald Trump announces an array of new tariffs may require unconventional policies from central banks, European Central Bank policymaker Robert Holzmann said on Wednesday. Holzmann, who said the hope was that policymakers would be better equipped to enforce the policies, added central banks cannot be […]
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ECB’s Holzmann says potential trade war may require unconventional monetary policies
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BUCHAREST (Reuters) – A potential trade war once U.S. President Donald Trump announces an array of new tariffs may require unconventional policies from central banks, European Central Bank policymaker Robert Holzmann said on Wednesday.
Holzmann, who said the hope was that policymakers would be better equipped to enforce the policies, added central banks cannot be responsible for the whole economy apart from inflation and financial stability.
(Reporting by Luiza Ilie;Editing by Elaine Hardcastle)