The largest investor in the world unleashes alarms about the "devastating effect" of rate hikes

Daniel KnightMadrid Updated: 06/22/2022 12:31 a.m.

BlackRock, the world's largest investor, sounds alarm bells with its latest weekly market commentary. He had already been warning in recent times about the risk of tightening monetary policy at too high a rate, but now the tone of his analysis has gone up a notch: "The large number of central bank measures last week has put It shows that many are ignoring the devastating effect this will have on growth.

The manager, which has 9.5 trillion dollars worldwide under its umbrella, has warned that the rate hikes put in place, especially with a focus on the United States Federal Reserve (Fed), pose "serious risks for the increase".

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