annmarie: marija veitmane. you are very bullish on textiles. -- tech stocks.ing up, the central bank thing. more action to come. some emerging markets as well. south africa, russia, are they primed to cut? we discuss that next. this is bloomberg. ♪ ♪ >> after we had such a deflationary shock with covid and the lockdowns, now we are getting a bounceback. people, retailers have had to liquidate big inventories. they were very cautious in ordering for christmas season. i think we will see further up pressure on inflation over the course of the year. that doesn't necessarily mean it's a circular rise. it means it is a short-term increase. guggenheim was the global chief investment officer talking about inflation in the aftermath of the fed's rate decision. annmarie: we have more central bank news as well this week. we could see a rate cut in south africa after gdp shrank an annualized 51% in the second quarter. friday, further details from the bank of russia. the central bank is likely to keep its key rate on hold. our guest is still with us. thank you for joining