Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio 'Supporting consumers'
Published 1 year, 1 month ago
Description
The ECB cut rates by 25bps as was expected. The ECB does not want to be running a restrictive monetary policy at the moment, and more rate cuts are expected next year. The ECB’s challenge is that data tends to understate economic activity, so knowing precisely how the economy is faring is difficult.