VIENNA (Reuters) – The insurance coverage insurance policies that U.S. President-elect Donald Trump will implement as quickly as in office will in all probability put upward pressure on inflation on either side of the Atlantic, European Central Bank policymaker Robert Holzmann talked about on Tuesday.
“He means what he has said and he will probably implement it faster than we expect. If so, what do markets expect? … That interest rates will stay higher and that inflation will also be higher,” Holzmann talked about, together with that that may put upward pressure on the dollar and euro zone inflation.
(Reporting by Francois Murphy; Editing by Andrew Heavens)
