Monday 28th February 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9There will be a shift back from the optimism of Friday, when markets were responding to the weaker-than expected sanctions being imposed on Russia. That’ll change today as access to the Swift system is denied to most Russian banks. NAB’s Ray Attrill says this, and the limitations on Russia’s central bank to make use of its foreign reserves, will have a profound effect on their economy. In today’s podcast he talks through the flow-on effects for other economies, including Australia and emerging markets. Can we expect a stronger US dollar for longer? And how will it impact the roadmap for central banks? And should we be seriously contemplating the risk of stagflation in the global economy?

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