Bloomberg Daybreak Weekend: Inflation, Banking, China
Bloomberg Daybreak: Asia Edition
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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.
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