The Bank for International Settlements, actually the central bank for other central banks, nevertheless warns against a possible scenario in which economic growth declines while inflation remains high. The nightmare for every central banker.
Christine Lagarde of the ECB also came up with a very remarkable plan to avert a euro crisis last week and Jerome Powell, the president of the US Central Bank, also made a very special statement; Interest rate hikes will not work against current inflation. A possible option to lower interest rates again seems in sight. Last week we made a start with the housing market, we will continue with that this week, because we have new data at our disposal. We close with the crypto market, because there is one bailout after another taking place.
All this and more in the latest episode of Madelon Praat!
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