ECB sees trade conflict slowing global growth



Balazs Koranyi | Reuters

“In the near term, global economic momentum is expected to moderate,” the ECB said in a bulletin, which is largely consistent with the ECB’s policy statement following its Sept. 13 interest rate meeting. “Further tariff increases and uncertainties about future trading relations are likely to weigh on global economic momentum going forward,” it added. With the euro zone economy humming along, the ECB confirmed plans at the meeting to halve bond purchases from October before ending them at the close of the year. Read more here