Daily Market Updates: ECB and Finnish central bank chief warn high long-term rates slow growth

Forex

Home›Forex›Central Banks›ECB and Finnish central bank chief warn high long-term…

ECB and Finnish central bank chief warn high long-term rates slow growth

EUR/USD was recently up 0.12% near 1.1233 as the remarks landed during the European session.

Reported · Written up by our desk · Central Banks

European Central Bank official and Finnish Central Bank Governor Olli Rehn said high long-term interest rates are contributing to a slowdown in growth, according to FXStreet.

Rehn also noted that elevated rates can reduce the pass-through of energy prices to other prices and to wages, adding that inflation has not been spreading to non-energy prices or wages.

FXStreet said there appeared to be no immediate impact on the euro following the comments, with EUR/USD trading about 0.12% higher near 1.1233 at the time of writing, supported by a correction in the US dollar.

Latest closeEUR/USD 1.122 ▼0.3%

← Newer storyBloomberg rolls out automated workflow for Japanese bond market-on-cl…Older story →Balyasny promotes Ilan Weiss to co-head of global equities

More like this

ForexBoJ signals focus on anchoring inflation near its 2% target

ForexBoJ Governor Ueda says Japan economy recovering moderately

ForexBoJ could signal underlying inflation near 2% target

ForexAustralian consumer sentiment falls after latest RBA rate hike

ForexNew Zealand business confidence jumps as cost pressures ease

Sources

FXStreetECB’s Rehn: High long-term rates contributing to a slowdown in growth

Forex

ECB and Finnish central bank chief warn high long-term rates slow growth

More like this

Sources

Get the close, explained.