ECB says China's rare earth curbs may trigger inflation in Europe

ECB says China's rare earth curbs may trigger inflation in Europe

European Central Bank (ECB) Executive Board member Madis Muller warned that China’s move to restrict rare earth exports could reignite price pressures in the eurozone if the measures ripple through the global economy. Muller noted that with interest rates currently at an appropriate level, policymakers should remain patient while closely monitoring developments that could sway inflation in either direction. Heightened trade conflicts in the mark…