Ukraine isn’t the primary driver of nervous markets, it ‘inflation and interest rates’ says expert

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GBNews published this video item, entitled “Ukraine isn’t the primary driver of nervous markets, it ‘inflation and interest rates’ says expert” – below is their description.

‘Ukraine is one thing the markets are nervous about, but it’s not really the primary driver. That’s ​been inflation and interest rates.’

Chief strategist at Brewin Dolphin Guy Foster on the economic impact of escalating tensions in Ukraine.

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About This Source - GBNews

GB News is a free-to-air television and radio news channel in the United Kingdom. The channel is available on Freeview, Freesat, Sky, YouView, Virgin Media and via the internet. Since 4 January 2022, an audio simulcast of the station has been available on DAB+ radio.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.

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