✉news BusinessBanking first seen 6 h ago, last 57 min ago, peak #3
Lagarde Says Higher Borrowing Yields Will Slow Growth and Inflation
Original: ECB’s Lagarde Says Higher Yields to Slow Growth and Inflation
European Central Bank President Christine Lagarde said that rising yields on government and corporate debt are tightening financial conditions across the eurozone, which will work to slow both economic growth and inflation. Her comments add to the debate over how much further monetary policy needs to tighten, since market-driven higher borrowing costs may do part of the ECB's work without additional rate hikes.
Why now: Markets and policymakers are weighing whether rising yields reduce the need for further ECB rate increases.
Christine LagardeEuropean Central BankEurozone
Evidence
- ECB’s Lagarde Says Higher Yields to Slow Growth and Inflation · Bloomberg.com
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