ECB’S LAGARDE: RECESSION WOULDN’T BE ENOUGH TO TAME INFLATION… ECB’S KAZAKS: EURO-AREA RECESSION IS BASELINE SCENARIO

*ECB'S KAZAKS: EURO-AREA RECESSION IS BASELINE SCENARIO
<- first time an ECB GC member says that the recession is baseline

Followed up by…
*ECB'S KAZAKS: INTEREST RATES WILL NEED TO RISE MUCH HIGHER

It doesn't get much more hawkish than this

— Piet Haines Christiansen (@pietphc) November 3, 2022

Live news: Lagarde warns eurozone ‘mild recession’ will not be enough to ‘tame inflation’ https://t.co/twW8j5h24M

— Alicia Coronil Jónsson (@CoronilAlicia) November 3, 2022

https://twitter.com/AlexisBrassey/status/1588084743228297216

*ECB'S LAGARDE: RECESSION WOULDN'T BE ENOUGH TO TAME INFLATION

If not even a recession can tame inflation, then what can?!

— Dani Burger (@daniburgz) November 3, 2022

Bank of England expects UK to fall into longest ever recession ###

That's called a depression

— The_Real_Fly (@The_Real_Fly) November 3, 2022

BBC: “Bank of England expects UK to fall into longest ever recession”

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Risk of Global Financial Crisis Spiking

This “almost certain” global economic slowdown could signal a death blow for the already ailing world financial system, which is loaded with problems and on the brink of going under. We could see the collapse…