MILAN, April 6 (Reuters) – The top of Italy’s UniCredit (CRDI.MI) expects the European Central Financial institution (ECB) to take a ‘balanced method’ on rate of interest hikes, performing on the premise of financial knowledge as they turn into accessible given the excessive stage of uncertainty.
“I consider that in the long run the (European) Central Financial institution will take a balanced method, in all probability elevating charges by greater than what ‘doves’ would really like, however by lower than what ‘hawks’ would,” CEO Andrea Orcel was quoted as saying by Il Messaggero each day on Thursday.
Orcel added he anticipated the ECB’s deposit fee may peak in the summertime.
Reporting by Federico Maccioni, modifying by Valentina Za
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