India, April 3 -- Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth.
"Looking ahead, the point was made that the likely shocks on the horizon, including from escalating trade tensions, and uncertainty more generally, risked significantly weighing on growth," the minutes, which the ECB calls "account", of the Governing Council meeting on March 5-6 showed on Thursday.
"It was argued that these factors could increase the risk of undershooting the inflation target in the medium term," the minutes said.
In March, the ECB cut interest rates for a fifth policy session in a row and lowered th...