Europe
ECB faces warnings of recession risk if it raises rates in June
Senior economists argue the central bank is misreading stagflation driven by energy costs and risks turning a slowdown into a contraction.
Person
Holger Schmieding
Chief economist, Berenberg
What we have reported
- Warned that an ECB rate hike in June would be a big mistake and could push the euro area into recession.
- Argued the ECB should stay patient because weak growth and rising unemployment limit wage-pressure risks.
- Said no European policymaker had done more to weaken EU cohesion than Orbán, citing the veto of a 90 billion euro Ukraine loan.
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