The European Central Bank surprised markets by raising rates after 11 years by 50bps. Inflation and a weakening Euro were cited as the main reasons for this move. Carlos Casanova, Senior Economist at UBP tells us the implications of this move and whether it means a recession is inevitable.

Produced by: Michael Gong

Presented by: Wong Shou Ning

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Categories:  markets,  economy

Tags:  commodities market,  european central bank,  inflation,  bank of japan,