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in europe today, markets will be watching closely the european central bank s decision later on the cost of borrowing as it tries to balance record high inflation and the increasing the risk of stagflation and slow growth. if we look at inflation across the eurozone, last month, its rate hit a new record high of 7.5%, up from nearly 6% in february. the european central bank president christine lagarde isn t ruling out interest rate hikes this year but thejob of managing borrowing costs across the eurozone isn t easy with some member countries in a very vulnerable place.so with inflation surging to new records in the us and uk and central banks raising rates, will the ecb be forced to act? let s talk this through with carsten brzeski global head of macro for ing research. lovely to see you again. what do you think the cbd will do today or announce? i do you think the cbd will do today or announce?- today or announce? i don t think they today or announce? i don t think th
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