TD Securities European and UK Rates Senior Strategist Pooja Kumra discusses the impact of Chinese overcapacity, tariffs and strong Euro on the ECB's outlook.
Breakdown
- ECB officials are not alarmed by the strong euro and are focusing on positive economic impacts. 13s
- The ECB is monitoring trade tensions, especially tariffs from the US and overcapacity from China, but remains neutral. 1m 13s
- Inflationary risks are seen as limited unless the EU retaliates with tariffs. 2m 12s
- Fiscal reforms in Germany are being observed for their potential impact on growth and inflation. 2m 39s
- The ECB governing council is more unified than its US and UK counterparts, with decisions guided by data. 3m 12s