Free Trial

10Y Yield Trading Back Around 4% Level


5/10-year OATei, 10-year OATi

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Extreme temperatures have a significant and meaningful impact on consumer and producer prices and the GDP deflator, new research published by the ECB Wednesday argues, with hot summers having the most notable near-term impact via food prices, particularly in emerging market economies. Over the medium term, negative demand effects may lead to falling prices and depressed economic activity.

“Our findings point to the presence of a non-linear impact of global warming on prices, with the impact more significant for larger shocks and for higher absolute temperatures. In the context of rising temperatures, that means countries that have to date been spared economic impacts in the past may not be so fortunate in the future,” the working paper concludes.