ECB’s Rehn Says Energy Shock Has Been ‘Clearly Stagflationary’
AI Summary
ECB Governing Council member Olli Rehn described the energy shock driven by the Middle East conflict as stagflationary, highlighting its inflationary pressures and negative impact on economic growth. The comments were made during an interview in Sintra, Portugal.
European Central Bank Governing Council member Olli Rehn said the conflict in the Middle East is stoking inflation while weighing on economic expansion. Rehn spoke with Francine Lacqua on Tuesday in Sintra, Portugal. (Source: Bloomberg)
Conflict Politics Markets Commodities Energy Olli Rehn ECB energy shock Middle East conflict stagflation inflation economic growth