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Bloomberg Surveillance

Surveillance: BOE Steps Up Inflation Fight

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 22 June 2023

⏱️ 67 minutes

🧾️ Download transcript

Summary

After the BOE raised interest rates by 50 basis points, Sree Kochugovindan, Abrdn Senior Research Economist, says there's still more to do. Thierry Wizman, Macquarie Global Interest Rates and Currencies Strategist, discusses Turkey's Lira sinking to weakest on record. Michael Gapen, BofA Securities Head of US Economics, says consumer spending continues to slow but at a moderate pace. Bruno Le Maire, France Economy & Finance Minister, says it is crucial to maintain a high level of investment in Europe. Denys Shmyhal, Ukraine Prime Minister, says it's impossible to think of Russia winning the war.
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Transcript

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0:00.0

Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic

0:05.9

headwinds? Will the tense geopolitical climate ease or escalate? This is the Outthinking

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in global capital markets. The Outthinking Investor, an award-winning

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0:31.0

This is Barry Rittles here to tell you about another podcast we think you'll love

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listening to. Masters in Business. Join each week for an enlightening conversation with some of

0:40.6

the smartest people in investing and business. Doing business in Europe, it's

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I think life and markets are intertwined. Subscribe to Masters in Business today.

0:53.7

On Apple, Spotify, or wherever you get your favorite podcast.

1:23.8

Today's edition of Bloomberg Daybreak at the very end of this podcast.

1:33.3

This is the Bloomberg surveillance podcast. I'm Tom Keane along with Jonathan Farrow and Lisa

1:38.5

Abramowitz. Join us each day for insight from the best and economics geopolitics finance and

1:44.5

investment. Subscribe to Bloomberg surveillance on demand on Apple, Spotify, and anywhere you get

1:51.4

your podcasts and always. I'm Bloomberg.com, the Bloomberg terminal, and the Bloomberg Business app.

1:58.2

With perspective, Sri Kutchagavaden, senior research economist at Aberdeen. Sri,

2:03.9

I'm absolutely fascinated by how you link together the actions of Switzerland, Norway,

2:10.1

and now the United Kingdom. Suddenly, is it a hawkish tone in Europe?

2:14.9

I think this is clearly a hawkish tone from the UK and from Norway as well. Clearly,

2:21.0

they've surprised the market. Norway this morning surprised with the 50.

...

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