ECB's Rehn says supply disruptions may worsen near-term inflation and weaker demand may hurt growth, via Econostream interview; impact of a long Hormuz blockade on inflation and growth would probably be significant

The ECB's Rehn highlights potential supply disruptions exacerbating near-term inflation, alongside weaker demand posing risks to growth. This suggests the central bank may face increasing pressure to navigate a challenging economic environment, potentially influencing policy direction and market sentiment towards rates and the euro.