Lagarde Says Bond Selloff Will Slow Euro-Zone Inflation
ECB President Christine Lagarde said higher borrowing costs from a bond selloff are curbing euro-zone growth and ultimately inflation.
European Central Bank President Christine Lagarde said on Saturday that a bond selloff is raising borrowing costs in the euro zone, restraining economic growth and, ultimately, inflation. Government bond yields have risen sharply around the world in recent weeks. France, which carries a heavy debt burden, is among the…