UBS's Weber warns signs show global inflation to stay high

UBS's Weber warns signs show global inflation to stay high - Copyright Thomson Reuters 2022

Copyright Thomson Reuters 2022

By Reuters

Published on 10/01/2022 - 08:55•Updated 20/04/2024 - 07:52

SYDNEY - UBS Chairman Axel Weber said inflation was staying "stubbornly high" in the United States and may continue to surprise on the upside in major areas like Europe and the United Kingdom.

He was speaking at UBS' Greater China online conference on monetary policy on Monday.

In a webcast, Weber said a current "short run" increase in commodity prices was a warning that global inflation could continue to trend higher.

You might also like

Nervousness about risk has led to people stepping back from investments such as cryptocurrency

Now playing Next

What's going to be different with the halving of Bitcoin this time?

A campaign by the European Parliament to call upon people to register to vote.

Now playing Next

EU Policy. Meta, TikTok, X invited to stress-test DSA election guidelines

Derya Matras, Vice President Northern Europe, Middle East and Africa speaks at the at the Meta AI Day in London, Tuesday, April 9, 2024.

Now playing Next

Meta teases new 'much more useful' version of its AI model Llama