UBS Says ECB Rate Hold Should Be Viewed as a Hawkish Pause
UBS Global Wealth Management's Dean Turner says the ECB's widely expected decision to leave rates unchanged is not the end of the tightening cycle, citing upside inflation risks from higher energy prices.
The European Central Bank's decision to leave interest rates unchanged as widely expected, should be viewed as a hawkish pause rather than the end of the tightening cycle, says UBS Global Wealth Management's Dean Turner. "Higher energy prices continue to pose upside risks to inflation, while the eu…