16/12/2022 5:49:27 PM | Source: Geojit Financial Services
Market Quote : The aggressiveness of central banks in combating inflation Says Mr. Vinod Nair, Geojit Financial Services
Below Quote on Market 16 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Global markets extended their rout as the ECB and BoE followed the Fed in raising policy rates by half a percent while maintaining a hawkish tone on inflation. The aggressiveness of central banks in combating inflation has raised concerns about the global economy's health. Despite attempts to recoup losses, a lack of global support pushed the indices back into negative territory"
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