ECB's Rehn: Soaring yields may curb energy's inflation impact
European Central Bank official Olli Rehn stated that while energy prices are nearing the ECB's "adverse" scenario, high long-term borrowing costs are expected to limit the transmission of this inflation to the broader economy.
Energy prices are nearing the European Central Bank's "adverse" scenario, but Finnish central bank chief Olli Rehn said on Friday that surging long-term borrowing costs are likely to limit how much of that inflation feeds through to the wider economy. Inflation has climbed well above 3% in recent…