ECB’s Rehn: The risk of stagflation has increased

European Central Bank (ECB) Governing Council member Olli Rehn said on Monday, “the risk of stagflation has increased.”

“Global financial stability risks are rising,” he went on to add.

Market reaction

The shared currency shows little to no reaction to the above comments, currently trading at 0.9747, up 0.31% on the day.

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