Bloomberg Daybreak Weekend: Inflation, Banking, China
Bloomberg Daybreak: US Edition
00:00
Wage Pressures in Europe
There has been a tightening of financial conditions in terms of the cost of credit for banks relative to risk-free rates. That is going to weigh on the economy a bit in future years, but it takes one hike out of the cycle. So I think whereas markets were previously expecting a terminal rate of 4%, somewhere 3.5, 3.75 now that's reasonable to us.
Play episode from 19:29
Transcript
