The European Central Bank's plans for monetary easing are not expected to be disrupted by potential trade tariffs under a second Donald Trump presidency, according to Francois Villeroy de Galhau, a member of the ECB's Governing Council.

Villeroy stated at a conference in Tokyo that the anticipated US tariffs are unlikely to have a significant impact on inflation forecasts in Europe. He also highlighted that the risks associated with price increases and economic growth in the region are currently shifting to the downside.

This suggests that the ECB remains focused on its easing strategy despite external trade pressures, indicating a stable outlook for European monetary policy in the face of potential US trade actions.