Trending Articles- US-Iran Agreement Brought Forward: Pakistani Prime Minister Confirms US-Iran Agreement Has Taken Effect Immediately, Strait of Hormuz Will Reopen Immediately
- WTI hovers around $80.00 as traders await developments on US-Iran peace talks
- Gold rises to weekly high as US, Iran reach peace deal
- Gold Price Forecast: Hawkish Fed Triggers Gold Plunge, Can US-Iran Agreement Push Gold Past $4,360?
- Has Gold Hit Bottom? Barclays, Citi Both Bullish on Gold, Gold Price Will Return to $5,000 Next Year.
- New Fed Chair to Cut Forward Guidance? Warsh Rejects Dot-Plot Expectations, Bullish or Bearish for Bitcoin?
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.
