Free Trial

MNI INTERVIEW2: Trump Stagflationary For Eurozone-ECB's Wunsch

National Bank of Belgium Governor Pierre Wunsch speaks to MNI in Washington.

MNI (WASHINGTON) - A victory for Donald Trump in the U.S. elections would be likely to drive the dollar higher and send a stagflationary impulse into the euro area, making the European Central Bank’s job harder, National Bank of Belgium Governor Pierre Wunsch told MNI on Saturday.

The implications of a potential Trump victory were widely discussed during the IMF’s autumn meeting, Wunsch said in an interview in Washington, adding that while the impact of such a result on Nov 5 remains unclear “in the U.S. it is quite clearly inflationary.”

Keep reading...Show less
400 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (WASHINGTON) - A victory for Donald Trump in the U.S. elections would be likely to drive the dollar higher and send a stagflationary impulse into the euro area, making the European Central Bank’s job harder, National Bank of Belgium Governor Pierre Wunsch told MNI on Saturday.

The implications of a potential Trump victory were widely discussed during the IMF’s autumn meeting, Wunsch said in an interview in Washington, adding that while the impact of such a result on Nov 5 remains unclear “in the U.S. it is quite clearly inflationary.”

Keep reading...Show less