Business / Economy | ANALYSIS Feb 3, 2023
Markets to central bankers: We don't believe you
Investors said that whatever central banks pledged now mattered less for markets already driven by a belief that inflation has peaked.
Investors said that whatever central banks pledged now mattered less for markets already driven by a belief that inflation has peaked.
The single currency has teetered on the brink of parity versus the greenback for days, finally breaching that level on Wednesday.
Money markets suggest central banks will press on with raising interest rates, even as a war on Europe's eastern flank complicates the picture for inflation and economic growth.
Prospects for increased German spending come as European Union budget rules are under review.
Global indebtedness sits at nearly $300 trillion, with $4.8 trillion added in the second quarter of 2021 alone.