✉news BusinessBanking first seen 19 h ago, last 18 min ago, peak #1
ECB's Rehn says rising bond yields may blunt energy inflation
Original: ECB's Rehn says soaring yields may curb inflation impact of expensive energy
European Central Bank policymaker Olli Rehn said surging sovereign bond yields could restrain economic activity enough to offset some of the inflationary pressure from expensive energy. His comments suggest tightening financial conditions are doing part of the ECB's work, a view likely to fuel debate over how much further interest rates need to rise.
Why now: Markets are weighing whether the bond market selloff reduces the need for further ECB rate hikes.
Olli RehnEuropean Central Bank
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