When evaluating the global environment, the European Central Bank will take into account risks that go beyond trade tariffs, such as security issues and possible sanctions on foreign investors, Philip Lane, the ECB’s chief economist, stated 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 stated at a Brussels conference.
