ECB overdoing rate hikes is major risk, warns Allianz economist 

Holding interest rates too high for too long a threat to the global economy

The European Central Bank is poised to deliver another rate increase later this month.

The prospect that European Central Bank or US policymakers might overdo their increases in interest rates is now one of the most prominent threats to the global economy, according to Allianz chief economist Ludovic Subran.

Speaking to Bloomberg Television, he said his outlook for a so-called “soft landing” hinges on policymakers not going overboard in their drive to tame consumer prices.