MILAN, April 6 (Reuters) – The top of Italy’s UniCredit (CRDI.MI) expects the European Central Financial institution (ECB) to take a ‘balanced strategy’ on rate of interest hikes, performing on the idea of financial information as they develop into out there given the excessive stage of uncertainty.
“I consider that in the long run the (European) Central Financial institution will take a balanced strategy, most likely 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 price may peak in the summertime.
Reporting by Federico Maccioni, enhancing by Valentina Za
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