UBS CEO sees sticky inflation tariff risks – “dont see rates coming down as fast”

January 21, 2025 at 11:39PM
UBS CEO Ermotti spoke with CNBC on Tuesday, saying he sees rates not coming down as quickly as the market is expecting:

“inflation is much more sticky than we have been saying,”

“we need to see also how tariffs will play a role in inflation. Tariffs will probably not really help inflation to come down. And therefore I don’t see rates coming down as fast as people believe”

More at that link above.

This article was written by Eamonn Sheridan at www.forexlive.com.

UBS CEO sees sticky inflation tariff risks – “dont see rates coming down as fast”