Prices for energy, raw materials and transport have surged as economies emerge from lockdowns and supply chains come under pressure. UBS’s wealthy clients are turning away from risky assets as they seek ways to protect their fortunes from accelerating inflation.
While higher interest rates could provide support for bank lending, they may also become a headwind for stock markets. Overall, changing market conditions may benefit banks because they prompt clients to trade more. DBS is the largest lender in Southeast Asia.
The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.
This article is more than 4 years old
International Finance
UBS, DBS Top Executives Warn High Inflation May Be Here to Stay
The heads of two global banks predicted an uncertain time ahead for the world economy as inflation rises and persists.
Comments
Scroll down to load comments...