ECB Shadow Council discusses the options of the ECB

Members of the ECB Shadow Council discuss the options for the next policy meeting of the ECB Governing Council on December 4 and beyond.

Angel Ubide (Chief Economist, Tudor Investment Corporation, Washington DC)

I think the ECB should cut rates by 100bps or more. The economic situation continues to deteriorate rapidly, market sentiment and confidence are collapsing and the downside risks to inflation are increasing rapidly. At this juncture it is essential that the central bank acts rapidly to shore up confidence and contributes to an improvement of the economic outlook. The losses in the financial sector are accumulating rapidly, and the flow of credit to the real economy is at risk. The external environment is deteriorating very quickly. The risk of hitting the...

Zur Startseite