✉news BusinessBanking first seen 12 h ago, last 6 min ago, peak #1
ECB's Rehn says soaring yields may curb inflation impact of expensive energy
European Central Bank policymaker Olli Rehn said that soaring bond yields could dampen the inflationary impact of expensive energy. Rising borrowing costs weigh on demand and economic activity, which may partly offset price pressures from costly energy. The remarks come amid heightened attention to how tight financial conditions interact with the ECB's fight against inflation.
Why now: Markets are focused on the interaction between rising yields, energy prices and ECB policy amid persistent eurozone inflation concerns.
Olli RehnEuropean Central Bank
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