European Central Bank interest rates have room to fall further as inflation moderates, ECB board member Piero Cipollone said, warning that the U.S. administration’s trade war with China could have a detrimental impact on the 20-member euro zone. The ECB has lowered borrowing costs five times since June as growth concerns start to trump price worries, and investors see at least three more rate cuts this year in a bid to boost an economy struggling to rebound from two years of near stagnation. “We all agree there is still room for adjusting rates downwards,” Cipollone told Reuters in an interview.Read More
Europe could be a big loser in US-China trade war, ECB warns
