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UBS’s Weber warns signs show global inflation to stay high

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Economy41 minutes ago (Jan 10, 2022 07:56)

© Reuters. FILE PHOTO: Axel Weber, Chairman of Swiss bank UBS addresses the company’s annual shareholder meeting in Basel, Switzerland May 2, 2019. REUTERS/Arnd Wiegmann

SYDNEY (Reuters) – UBS Chairman Axel Weber said inflation was staying “stubbornly high” in the United States and may continue to surprise on the upside in major areas like Europe and the United Kingdom.

He was speaking at UBS’ Greater China online conference on monetary policy on Monday.

In a webcast, Weber said a current “short run” increase in commodity prices was a warning that global inflation could continue to trend higher.

UBS’s Weber warns signs show global inflation to stay high

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