Inflation is the 'biggest poison' for the global economy as recession risk rises, Deutsche Bank CEO says

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Inflation is the 'biggest poison' for the global economy as recession risk rises, Deutsche Bank CEO says

Quick Summary

The Federal Reserve, European Central Bank, Swiss National Bank and the Bank of England all moved to rein in inflation last week, albeit to varying degrees.

Data is a real-time snapshot *Data is delayed at least 15 minutes.

Consumer price inflation in the euro zone hit a fresh record high of 8.1% in May and the ECB has confirmed its intention to begin hiking interest rates at its July meeting.

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Article Details

Author / Journalist:

Category: MarketsFinanceInvesting

Topics: U.S. Economy Wall Street Europe Economy Cnbc US Economy Investing Markets Finance Banks Europe Markets U.S. Markets Articles Investment strategy Deutsche Bank AG Central Banks Central banking The Fed Source:tagname:CNBC Europe Source Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 05:01:12

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 570 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 1540

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Last Updated: 22h ago

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