Central Banks are Doubling Down on Rate Hikes: Kumra

The transcript discusses the European Central Bank's (ECB) concerns about market fragmentation and the potential for rate hikes. It highlights the impact of China's unresolved supply chain issues on inflation and rates. The market's skepticism towards the ECB's strategies is noted, with a focus on the rapid shift from 25 to 75 basis point hikes. The discussion also covers currency trends, particularly euro-dollar parity, and the higher recession risks in Europe compared to the US.

What concerns does the ECB have regarding market fragmentation?

How are markets currently pricing in rate hikes for the ECB?

What role do supply chain issues in China play in the inflation pressures in Europe?

What is the expected inflation rate in Europe by the end of 2024 according to the ECB's forecast?

How have recent rate hikes by the RBA and ECB influenced market expectations?

In what ways might a potential recession affect the bond market?

What factors contribute to the current strength of the dollar against the euro?