UBS On-Air: Paul Donovan Daily Audio 'Time to turn off the autopilot'

UBS On-Air: Market Moves - A podcast by Client Strategy Office

The Eurozone has been burdened with a further 0.25pps rate increase. As most current drivers of inflation in the Eurozone are not interest rate sensitive, the inflation impact of this rate hike is questionable. ECB President Lagarde attempted hawkishness at the press conference, but markets ignored the tone. No one has time to pay attention to every comment Lagarde makes. Lagarde speaks again today.