The chief executive of Europe's biggest lender today called on central bankers to raise interest rates in order to combat inflation.
Michael Geoghegan, group chief executive at London-based HSBC Holdings, said central banks were not yet committed to taming inflation. He also predicted that US interest rates would rise after the US presidential election in November.
'Inflation is a long-term problem because there is no long-term will to solve it,' Geoghegan said in a speech to the Asia Society in Hong Kong.
