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ECB warns US-China trade war may hurt Eurozone, signals more interest rate cuts possible.
The European Central Bank (ECB) warns that the US-China trade war could negatively impact the Eurozone, with ECB member Piero Cipollone noting that interest rates have room to fall further as inflation decreases.
The ECB has already cut borrowing costs five times since June, and investors expect more rate cuts this year.
Cipollone stated that while trade tensions could affect growth and prices, the economy, including the labor market and consumption, shows resilience, and a recession is unlikely.
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El BCE advierte que la guerra comercial entre EE.UU. y China puede perjudicar a la eurozona, y señala que es posible reducir más los tipos de interés.