Expected Interest Rate Hikes by the European Central Bank (the “ECB”) | Wassim Jomaa in an Interview with Bloomberg Asharq

In an interview with Bloomberg Asharq, Wassim Jomaa, Chief Investment Officer at The Family Office, discussed the expected interest rate hikes by the ECB in its July 27 meeting and the prospects of reducing inflation in Europe. Below are the highlights of the interview:

Jul 26, 2023|Management Insights- 1 min

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  • Europe started Q3 with discouraging economic indicators. The European economy is slowing and inflation is expected to fall. But the ECB still intends to raise interest rates.

  • Europe can be divided into two parts: the first is small companies that rely on the local economy, and the second is big companies that rely on exports and the Chinese economy.

  • If the president of the ECB, Christine Lagarde, can continue reducing inflation by raising interest rates, it would have a positive impact, reducing pressure on people’s incomes, allowing them to spend more. European consumers could therefore support the economy to some extent.

  • The economic slowdown in Europe can help Christine Lagarde in reducing inflation. But an interest rate hike is expected during the July 27 meeting.

  • Real estate opportunities in Europe exist either through real estate debt or buying undervalued real assets.

Watch the full interview above.


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