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Wholesale Banking
We support your ambitions with our strong global network and superior sector expertise. No matter where you are in the world, our network of experts offer you a seamless local experience with a global view. ING Wholesale Banking is located with offices in many different countries and areas.
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The US economy grew at a faster than expected 2.8% annualised rate in the second quarter and core inflation was also a little hotter than expected. The economy is facing more challenges in the second half of the year and with the Fed sounding more relaxed on the path ahead for inflation, we expect a growing focus on activity to deliver rate cuts from September.
Both the participation rate and the employment rate reached new highs in June. This makes it hard to argue that labour market tightness in Hungary is still easing. We expect the positive momentum to continue, which could keep wage growth elevated and pose an inflationary risk.
ING Think has economists and strategists all over the world who write about their dedicated region. We will tell you what’s happening – and is likely to happen – in the world of global markets.