Probability of US recession, Bank of England’s interest rate hike, CFOs to fast-track payments digitization, LIBOR transition making progress

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion centre around rising forecasts of a US recession, the Bank of England’s hike in interest rates to combat inflation, CFOs planning to fast-track business payments digitization, and the transition from LIBOR making progress.

1:21 - Forecasters raise the probability of a US recession as Fed set to hike interest rates by 25 basis points

5:12 - Bank of England raises interest rates again to combat inflation

6:36 - Business payments digitization to be fast-tracked by most CFOs

12:21 - Transition from Libor ‘making progress’