Bloomberg The European Central Bank (ECB) has “every reason” not to respond as forcefully as the Federal Reserve to soaring consumer prices, according to President Christine Lagarde. “We’re all in very different situations,” Lagarde told the France Inter radio station on Thursday in an interview. Inflation is “clearly weaker” in the euro area, while the region’s economic recovery is …

  Bloomberg Citigroup Inc said it has hired 5,500 young employees for its Asia businesses over the last two years, ahead of its target to recruit 6,000 by 2023, after stepping up efforts to help cushion the region from soaring youth unemployment amid the pandemic. Consumer banking operation has taken up 48% of the overall hires, followed by 31% for …

  Bloomberg The Riksbank may soon have to abandon its dovish monetary policy and start raising rates in response to inflation overshooting its 2% target, according to Swedbank economists. The bank’s main scenario is that a first policy rate hike in early next year will be followed by a second one later in 2023. However, there is a risk that …