Chief Executive of Europe’s biggest bank HSBC calls for central banks to raise interest rates to fight inflation; Says investment banking model is flawed
May 27th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Chief Executive of HSBC Bank, Europe's biggest, on Tuesday urged central bankers to raise interest rates in order to fight inflation, and also said more regulation may be needed in the wake of the credit crunch.