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Central bankers continue to  respond  to questions from the audience at the ECB’s  panel  titled ‘Price and wage setting in advanced economies.’

Key quotes

  • Draghi: Tariffs are not expected to have a significant impact on output or prices.
  • Draghi: The most important thing about tariffs is their effects on consumer and business confidence.
  • Draghi: Too early to assess consequences of tariffs on the  monetary policy; no grounds for optimism.
  • Powell: In principle, changes in trade policy could cause us to revise the outlook.
  • Kuroda: Indirect impact of tariffs on Japanese economy could be significant.
  • Kuroda: I really hope the trade relationship between China and the United States goes back to normal.