Citigroup expects the European Central Bank to raise interest rates but fears the ECB may be acting more aggressively than warranted by the European economy's underlying momentum.

The global economy is demonstrating significant resilience, which is a key driver for central banks to adopt more restrictive policies.

Massive investment in the unveiling of AI is a key structural driver of the current resilience in the global economy.

Sustained high oil prices for a period of 6 to 12 months are predicted to lead to higher core inflation and a sustained increase in inflation expectations.

Central banks globally are feeling pressured to be more restrictive with monetary policy than was expected at the beginning of the year.