An Economic Winter Is Coming To Europe
Carlos Casanova, Senior Economist, UBP
22-Jul-22 07:00
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The European Central Bank surprised markets by raising rates after 11 years by 50bps. Inflation and a weakening Euro were cited as the main reasons for this move. Carlos Casanova, Senior Economist at UBP tells us the implications of this move and whether it means a recession is inevitable.
Produced by: Michael Gong
Presented by: Wong Shou Ning
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Tags: commodities market, european central bank, inflation, bank of japan,