Lagarde: Rising long-term bond yields will dampen economic growth and may reduce the need for the ECB to raise interest rates significantly.

Zhito Finance APP has learned that European Central Bank President Lagarde stated on Monday that the recent significant rise in long-term bond yields will restrain economic growth in the euro area and weaken the extent to which elevated energy costs are transmitted to overall inflation. Amid another rise in energy prices, this factor may reduce the need for the European Central Bank to further tighten monetary policy substantially.