UBS CEO sees sticky inflation, tariff risks – “don’t see rates coming down as fast”

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.