Bond selloff will curb inflation
European Central Bank President Christine Lagarde said that surging bond yields and tighter financing conditions will slow economic growth and reduce inflation across the euro zone.
A global bond selloff is tightening financial conditions in the euro zone, which will slow economic growth and reduce inflation, European Central Bank president Christine Lagarde said on Saturday. The yield surge has hit debt-laden France particularly hard amid growing competition for credit from artificial intelligence investments. This pressure will make it harder for consumers to absorb higher energy costs stemming from the conflict in Iran.
