Listen: Price stability vs financial stability
In this podcast
In this podcast, Padhraic Garvey, ING's Regional Head of Research in the Americas, and Antoine Bouvet, Head of European Rates Strategy, discuss the latest central bank decisions to raise interest rates despite recent turmoil in the banking sector
Less than two weeks after the collapse of Silicon Valley Bank, which sent shockwaves through the US banking system, the Federal Reserve raised interest rates again, noting that the banking sector is "sound and resilient". The move follows a decision by the European Central Bank this month to hike rates by 50bp, despite concern over huge outflows at Credit Suisse, which ultimately led to a government-backed UBS takeover. In this podcast, ING's Senior Editor Rebecca Byrne asks Padhraic Garvey and Antoine Bouvet to reflect on the news and what it could mean for market interest rates in the US and Europe.
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