*versus Previous Day's European Open

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Inflation hits very high levels, which combined with other headwinds such as the sharp tightening of monetary policy, will act as a significant drag on global economic activity in 2023

Markets could be in for more pain in 2023 after central banks re-asserted their inflation fighting credentials last week. 

AIB’s Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events....