Chain reaction

Geopolitical tensions will remain a key concern in the coming days. The attacks and counterattacks between Israel and Iran are highly unpredictable, despite appeals from the international community not to trigger an escalation that could lead to a regional war with harmful consequences for all the parties involved. The main protagonists have a responsibility not to exceed the “critical mass” that would lead to an uncontrolled chain reaction. On the economic front, the ball will remain in the court of the central banks, which are attempting to the best of their ability to correctly assess the level of inflationary pressures before making the first rate cuts. Here again, it’s a question of critical mass.