Listen: Rate rises and recession risk in Europe
The European Central Bank raised interest rates by 50bp this week, the first increase in a decade and the biggest in more than 20 years. But political instability in Italy, an ongoing war in Ukraine, and a looming recession suggest there is little room to go much further. In this podcast, ING's Carsten Brzeski shares his thoughts on the ECB's next move
After raising interest rates on Thursday, the ECB left the door open for further hikes in a bid to combat the highest inflation on record. But the Bank also announced a new bond-buying programme to soften the blow of higher rates amid fears of a new debt crisis. In this podcast, ING's Carsten Brzeski tells Senior Editor Rebecca Byrne that this strategy is akin to stepping on the brakes and the accelerator at the same time. So can it work? And what does it all mean for Europe's economy?
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