ECB’s Rehn: High long-term rates contributing to a slowdown in growth
The comments from European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn released during the European trading session on Tuesday signal economic warnings due to higher long-term interest rates.
Comments
High long-term rates contributing to a slowdown in growth and reduces pass-through of energy prices to other prices and to wages.
We have not seen inflation spread to non-energy prices or wages.
Market Reaction
There seems to be no impact of ECB Rehn's comments on the Euro (EUR). At press time, EUR/USD trades 0.12% higher to near 1.1233 due to some correction in the US Dollar (USD).
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