[Opinion] Disturbing Inflationary Shock for Rate Markets

Le Temps

Lean Left

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OPINION. As markets react instantly to geopolitics, the communication of central banks becomes an unbalanced exercise. Too much firmness would unnecessarily weigh on growth but too much caution could be seen as a lack of determinationFrom calm to feverishness: rarely will market expectations have experienced such a turnaround in such a short time. Since the start of the US and Israeli strikes in Iran, it is not only energy prices that have gone …