UniCredit CEO expects ECB to take 'balanced approach' on rate hikes
Reuters
Published Apr 06, 2023 07:14
MILAN (Reuters) - The head of Italy's UniCredit (LON:0RLS) expects the European Central Bank (ECB) to take a 'balanced approach' on interest rate hikes, acting on the basis of economic data as they become available given the high level of uncertainty.
"I believe that in the end the (European) Central Bank will take a balanced approach, probably raising rates by more than what 'doves' would like, but by less than what 'hawks' would," CEO Andrea Orcel was quoted as saying by Il Messaggero daily on Thursday.
Orcel added he expected the ECB's deposit rate could peak in the summer.
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Written By: Reuters
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