MARKET WRAP: JSE weaker as central bankers remain hawkish
ECB president Christine Lagarde tells the bank’s annual forum that the era of cheap money is over, while Fed chair Jerome Powell says inflation remains a bigger threat than recession
29 June 2022 - 19:50
The JSE tracked weaker global markets on Wednesday with fears about a global recession deepening after the European Central Bank and the US Federal Reserve stuck to their hawkish stance on inflation.
Speaking at the ECB’s annual forum in Sintra, Portugal, bank president Christine Lagarde warned that the era of cheap money was over and central banks needed to adjust to significantly higher price growth expectations...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.