2min chapter

The Macro Trading Floor cover image

The Debt Ceiling Drama is Approaching

The Macro Trading Floor

CHAPTER

The Bank of England's New Forecast for a Recession

Bank of England says it no longer expects a recession ahead. Andreas Meissner: It was super interesting to see a central bank that has been almost depressed for a year, suddenly say that the recession is not the base case. Reserve Bank of Australia also told us four months ago that they were done with hiking. And then all of a sudden they wake up a couple of weeks ago and hike again.

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