The European Central Bank considers risks derived from protectionist policies to be increasingly important and says they may hamper global growth.
“The risks surrounding the euro area growth outlook remain broadly balanced, but risks related to global factors, including the threat of increased protectionism, have become more prominent,” the ECB says in its latest economic bulletin.
On March 1, US president Donald Trump announced plans to impose a 25% tariff on steel imports and a 10% tariff on
- Reserve manager of the year: Bank of Mexico
- Initiative of the year: RBNZ’s Financial Strength Dashboard
- BoJ must normalise policy to cope with ageing population – former official
- Innovation in reserve management: BNP Paribas Asset Management
- Malta’s crypto asset plan means greater money laundering risks, IMF warns