Surveillance: Flashing Red with Donald
Bloomberg Surveillance
00:00
Francis Donald of Manual Life Investment Management
Bank of England governor Hugh Bill says we need to accept that inflation is high and wage growth won't be enough. Francis Donald: Comments like this keep me up at night because they say some of the difficulty we're seeing in banks is a feature, not a bug,. And it suggests we have to reassess that decision-making function for all central banks globally. I'm not sure the market is fully grasped on to the risk of a recession with no rate cuts.
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