Bloomberg One of the European Central Bank’s (ECB) most senior officials said that investors risk underestimating the persistence of inflation, and the response needed to bring it under control. “We are still far away from claiming victory,” Executive Board member Isabel Schnabel said in an interview with Bloomberg, citing the strength of underlying price pressures and faster wage increases. The …

  Bloomberg Who will lead the People’s Bank of China’s (PBOC) is back in focus as a leadership reshuffle at government agencies and major financial regulators nears. Two officials previously tipped as favourites by analysts are fading out of the picture, with one just starting a new job while the other is reportedly taking on a new role. Central bank …

  Bloomberg Apollo Global Management and Goldman Sachs Asset Management LP are preparing to launch private credit funds aimed at wealthy European investors, trying to capitalise on a burgeoning corner of the credit market. The firms are developing strategies to target affluent individual investors interested in private lending for leveraged buyouts in the region, according to people with direct knowledge …