Turkish Inflation, Fed Seeking Normal, British Fintechs: Eco Day

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Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help start your week.

  • Turkish inflation is galloping toward a fresh 20-year high, leaving the lira increasingly vulnerable by depriving the currency of a buffer against market selloffs
  • Fed Chair Jerome Powell is headed toward an uncertain destination and the terrain may shift as he forges ahead with higher rates
    • Investors will parse the Fed’s minutes this week to gauge its appetite for a half-point increase next month
    • The U.S.

      added close to half a million jobs in March and the unemployment rate fell by more than expected

  • The ECB is right to press forward with its plan to normalize monetary policy even as the war in Ukraine creates “elevated uncertainty,” Executive Board member Isabel Schnabel said
  • Post-Brexit London is racing to keep its head start in fintechs.

    Innovate Finance’s summit — part of U.K. Fintech Week — aims to showcase Britain’s financial technology sector and its global ambitions

  • After an extraordinary series of global supply chain snags caused by the pandemic, the next generation of central bankers is taking a page from the business school play book
  • While some say the Bank of Japan can count its historic market intervention as a success, others thinks otherwise
  • The Reserve Bank of Australia is under pressure to tighten policy
    • Bloomberg Economics looks at the RBA and RBI meetings
  • Covid lockdowns and Russia’s war on Ukraine risk pushing China’s growth below 5%, Bloomberg Economics says

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