Trending Articles- Nearly $2 Billion Wiped Out in Crypto Liquidations Amid Brutal Sell-Off
- Whale Dump Meets Quantum Panic: Bitcoin Slips to $86,000 and Blows $220 Million Longs
- Gold Price Forecast: XAU/USD rises to near $4,150 as Fed rate cut bets grow
- Bitcoin Price Forecast: BTC extends recovery as ETF records positive flows
- 2025 Black Friday is coming! Which stocks may see volatility?
- Fed Officials Speak Out in Force to Back Rate Cut! December Cut Now a Done Deal? Will the FOMC Meeting Be Delayed?
Insights - UBS CEO Sergio Ermotti has urged the European Central Bank (ECB) to adopt a cautious approach and suggested that a "moderate" rate cut would be appropriate.
His comments came ahead of the ECB's monetary policy decision, with analysts predicting a high likelihood of a 25 basis point cut.
"I guess a moderate cut. " Ermotti said, "There is room for the ECB and, in general, the central banks as I said before to maybe to do some cuts, but the scope and size of those cuts have to be coherent with the first mandate, [which] is the fight of inflation and eventually [to] stimulate the economy,"
The ECB is responsible for setting monetary policy for the 20 countries in the eurozone, and it maintained interest rates at 3.75% in July.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
