UBS On-Air: Paul Donovan Daily Audio 'Policy and promises'
About this episode
Paul Donovan discusses the potential impact of the ECB's policy decisions on interest rates and the economy.
The ECB is almost certain to repeat its earlier policy rate error and unnecessarily raise interest rates. There is unlikely to be any inflation or economic growth impact, but a further rate increase erodes borrowers’ ability to manage future economic crises. This should be the last error, unless oil prices get so high the ECB feels it needs to create a recession in the non-oil economy to create non-oil deflation.
More episodes of UBS On-Air: Market Moves
- Across the Pond: Europe’s political pendulum swings wider
- Washington Weekly Podcast: Missouri redistricting, GOP convention, 9-11 remembrance
- UBS On-Air: Paul Donovan Daily Audio 'Prices palooza'
- Top of the Morning: State of the US Consumer & Back to School trends
- Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 72)
- UBS On-Air: Paul Donovan Daily Audio 'Market and non-market inflation forces'
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