VIENNA (Reuters) – The insurance policies that U.S. President-elect Donald Trump will implement as soon as in workplace will probably put upward strain on inflation on each side of the Atlantic, European Central Bank policymaker Robert Holzmann mentioned 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 mentioned, including that that might put upward strain on the greenback and euro zone inflation.
(Reporting by Francois Murphy; Editing by Andrew Heavens)
