[ECB President Lagarde: Bond Sell-Off Drags on Economic Growth and Will Suppress Inflation] Jin10 News, October 17 – European Central Bank (ECB) President Christine Lagarde said on Saturday that the sell-off in the bond market is driving up borrowing costs in the eurozone, dragging down economic growth, and ultimately suppressing inflation. Amid investor concerns over debt and inflation issues, coupled with intensified credit demand competition driven by artificial intelligence investments, global bond yields have surged in recent weeks. France, burdened with heavy debt, is one of the countries most severely impacted. Lagarde stated that this will make it harder for consumers to bear the rising fuel prices caused by the Iran war, with the situation appearing more severe than the ECB's forecast last month. "Although economic growth has shown resilience, financing conditions have tightened, and long-term interest rates have risen significantly since our last meeting," Lagarde told central bank governors and finance ministers at a meeting in Bangkok. "This will slow economic growth and weaken the price transmission effect compared to our September forecast."