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UBS says its way too early to begin talking about European Central Bank interest rate cuts

UBS says its way too early to begin talking about European Central Bank interest rate cuts
UBS describe the rate decision from the ECB meeting on Thursday as a non-event. Highlights from the note:the remarks following emphasised again the dour state of the euro area economyLagarde pointed to the need for steady policythe Bank is data-dependentinflation outlook will be closely observed (UBS add that the CPI print due on October 31 is the next major data point)Earlier re EUR & the ECB:Deutsche Bank forecasting a German double-dip recession. HSBC target EUR/USD towards 1.02Goldman Sachs... Read More
Posted: Oct 26 2023, 23:49
Author Name: forexlive
Views: 091951

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