Lagarde: Bond sell-off leads to rising borrowing costs, which will drag down economic growth and curb inflation

European Central Bank President Lagarde stated that the bond market sell-off has led to an increase in borrowing costs in the eurozone, dragging down economic growth and suppressing inflation. Global bond yields have surged, and France has been severely impacted. Tightening financing conditions have made it more difficult for consumers to bear the fuel price increases caused by the Iran War, resulting in slower economic growth and weaker price transmission effects than predicted in September. (Source: Golden Ten Data)