Central Banks
ECB in Horrible Bind If Fed Stays Put, Allianz’s Subran Says
- US has to set the tone, Allianz economist says on Bloomberg TV
- Fed’s Kashkari said that this year could only see one cut
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The European Central Bank will find itself in a pickle this year if it ends up cutting interest rates without the US Federal Reserve doing likewise, according to Allianz Chief Economist Ludovic Subran.
While euro-zone policymakers are inching toward a move in June or even July, they also have to keep an eye on the world’s biggest economy because of its dominance of the global financial system, he told Dani Burger and Manus Cranny on Bloomberg Television on Thursday.