The state of Europe: interest rates, inflation and recession risks

In this OMFIF podcast, Vítor Constâncio, former governor of the Banco de Portugal and vice president of the European Central Bank from 2010-18, joins Ellie Groves, managing director, Economic and Monetary Policy Institute at OMFIF. They discuss the ECB’s September rate hike, the macroeconomic environment in Europe – including the difference in inflation between Portugal and Germany – and the fiscal framework that needs to be implemented to combat challenges.