A child of inflation: BNPP’s new macro trading unit

This article is the fourth in a five-part series of interviews with senior bank rates and macro traders. The others – with Barclays, Citi, and Goldman – can be found here.

As inflation surged in emerging market economies last year, prompting a round of central bank rate hikes, it became increasingly clear that something similar lay in store for the developed world.

Like everyone else, BNP