Global Market: Eurozone Energy Inflation Has yet to Spread to Broader Prices, ECB's Rehn Says
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14 Articles
The Economic Times
Times of IndiaGlobal Market: Eurozone energy inflation has yet to spread to broader prices, ECB's Rehn says
Eurozone energy inflation has not yet spread broadly to other goods and services, ECB policymaker Olli Rehn said. Rising bond yields may curb economic growth and limit price pressures, though resilient activity and AI investment remain concerns. Markets expect further ECB rate hikes as policymakers balance persistent inflation against tightening financial conditions.
The energy shock caused by the situation in the Middle East has not yet affected the prices of other products and has not led to faster wage growth in the eurozone, although this scenario cannot be ruled out, the head of the Finnish ECB and the board member of the European Central Bank (ECB), Ollie Ren. "The similar effects may occur gradually and without being noticed," he noted at the Helsinki event. "The longer the conflict in the Middle East…
The governor emphasized the need for constant vigilance against the risk of energy cost spillovers into the broader economy.
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