UBS’s Weber warns signs show global inflation to stay high -Breaking
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© Reuters. FILEPHOTO: Axel Weber (Chief of Swiss Bank UBS) addresses annual shareholders meeting at Basel on May 2, 2019, Switzerland. REUTERS/Arnd WiegmannSYDNEY (Reuters), UBS Chairman Axel Weber indicated that the inflation rate in America was still stubbornly high and could continue to amaze in areas such as Europe.
His speech was at UBS’ Greater China conference online on monetary policy.
Weber warned that global inflation may continue rising, citing a “short-run” rise in commodity prices.
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