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Philipp Hildebrand was the top of the Swiss central financial institution. Today he works for Blackrock, the most important investor on this planet. A dialog in regards to the persistence of inflation, the issue with debt and the tip of Credit Suisse.

Mr. Hildebrand, the Council of the European Central Bank (ECB) will meet tomorrow, Thursday. Will he increase rates of interest once more, or has the height now been reached?

I feel we’re shut. I am unable to reply your query precisely; in spite of everything, I haven’t got a crystal ball. But I’m positive of 1 factor: we’ve to maneuver away from the nonetheless widespread perception that rates of interest will shortly fall once more. That will not occur.

Where do you get this certainty from?