Podcasts30 June 2023
Listen: There may be trouble ahead
If financial markets are correct, interest rates in the UK will end the year at 6.25%, up from 5% currently, and the highest in almost a quarter of a century. This could pile yet more pressure on mortgage borrowers and raise the risk of a recession, as ING's James Smith and Chris Turner discuss in this podcast
In this podcast, a replay of an ING event this week, Developed Markets Economist James Smith and Senior Editor Rebecca Byrne discuss the outlook for UK inflation, interest rates, and mortgage costs, and whether a recession is now inevitable while Global Head of Markets Chris Turner explains what the markets are looking for - and why the pound has been faltering as rates head higher.
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