Global Rates: A long hot summer for front-end inflation markets

In this podcast, Frida Infante and Harry Downie discuss the latest inflation data and breakeven markets across the euro area, the UK and the U.S. following a re-escalation of the US–Iran conflict, renewed hostilities in the Strait of Hormuz, and a sharp reversal higher in energy prices, and where they see the key risks.

This podcast was recorded on 20 July 2026.

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