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Fresh Tariffs to have Muted Inflation Impact in Europe, ECB's Villeroy

PARIS, Jan 20 (Reuters) - Fresh tariffs by the U.S. ​would weaken economic growth ‌for all parties involved but their impact on European inflation should be ‌rather muted, French central ​bank chief Francois Villeroy de Galhau told Bloomberg ‍TV in Davos on Tuesday.

"On activity, tariffs are obviously ⁠bad news for ‍everybody... including the U.S.," Villeroy said.

Last ‌year's ‌tariffs did not have an impact on euro zone inflation as ⁠they ⁠were ​mostly paid by U.S. consumers, and a similarly muted price ‍outcome is likely in case of fresh duties, Villeroy ​added.

Reporting by ‍Leigh Thomas; writing by Balazs Koranyi; ​Editing by Sharon Singleton

Source: Reuters


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