'Interest rates continue to rise, especially in the recession year 2023'

It has been raining interest and inflation figures in recent weeks. Edin Mujagic, head economist at OHV Asset Management, uses the most optimistic glasses possible to separate the wheat from the chaff in the financial markets in a conversation with Eric de Lijster. The topics covered include yesterday's party on the financial markets (Thursday, November 10), where inflation peaks in the European Union, the recession we are entering next year and the movements in the interest rate market. “The year 2023 will be a more pleasant year in many ways than the current year we are going out.”

Mujagic also gives his view on compensation for the increased energy costs ("Your energy bill always comes back through taxes"), the tensions in the food chain about passing on the increased costs ("Psychology plays a very important role here") and the discussion on a possible wage-price spiral and its effect on inflation ("I am immensely annoyed by this discussion. We are forgetting a crucial part." Developments in the interest rate market are also extensively discussed. Mujagic indicates that entrepreneurs should take into account keep with interest rates also rising sooner next year, then they will fall, "certainly in a recession year like 2023."