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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Categories: markets, economy

Tags: commodities market, european central bank, inflation, bank of japan,

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