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 …