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‘The year of inflection’: Top bank CEOs weigh in on inflation outlook
2023 will be “the year of inflection” for the global economy, said UBS CEO Ralph Hamers on the sidelines of the World Economic Forum in Davos, Switzerland, where inflation, interest rates and economic growth are firmly in focus. Investors are cautiously optimistic on the recent deluge of promising data from major economies, with inflation prints indicating that consumer price increases may be coming back to earth. Central banks around the world have been tightening monetary policy aggressively in order to bring inflation back toward their respective targets. The hope that policymakers may be able to end the cycle ... (full story)