June 19, 2018 / 11:36 AM / 4 months ago

Trade tensions clear downward risk: ECB'S Smets

LONDON (Reuters) - Escalating global trade tensions are “clearly a downward risk” for the world economy, European Central Bank policymaker Jan Smets said on Tuesday.

FILE PHOTO - Belgian central bank governor Jan Smets answers a reporter's question during an interview with Reuters in Brussels, Belgium, May 11, 2016. REUTERS/Francois Lenoir

“In the euro zone we consider the risks for growth to be balanced, but in the global environment - and due in particular to this trade issue - the risks are more on the downward side and a little bit worrying,” Smets, who heads Belgium’s national central bank, said in a CNBC interview. “Basically it is not good news.”

He added that although the ECB said last week that it would not raise interest rates for at least a year, it was too early to say when exactly it could lift them.

Reporting by Marc Jones

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below