Escrivá Warns on Rising Bond Yields and Energy Prices

European Central Bank policymaker José Luis Escrivá expressed concern about rising bond yields and energy prices. In a recent statement, Escrivá noted that interest rates have not yet reached levels that would restrict economic growth.

However, he warned that the global upward trajectory of long-term rates could add pressure to interest rates. This is particularly concerning for Escrivá, who emphasized that high energy prices are 'worrysome' if they persist and have second-round effects on inflation.

Escrivá's comments come as bond yields continue to rise globally, with no clear indication of when or how this trend will reverse.