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ECB Minutes Show Members Expressed Worries Over Possible Shocks To Growth From Trade Tensions

Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth.

"Looking ahead, the point was made that the likely shocks on the horizon, including from escalating trade tensions, and uncertainty more generally, risked significantly weighing on growth," the minutes, which the ECB calls "account", of the Governing Council meeting on March 5-6 showed on Thursday.

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by Jyotsna V

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