Central Banks
Too Many ECB Cuts Risk Spooking Markets, Allianz Chief Economist Says
- Desynchronization ‘would be hard to swallow for Europe’
- Next ECB rate meeting may herald ‘Schrodinger’s’ cut
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The European Central Bank risks a backlash from investors if its interest-rate policy strays too far from that of its US counterpart, according to Allianz Chief Economist Ludovic Subran.
Speaking Thursday on Bloomberg Television, he told Dani Burger and Manus Cranny that Frankfurt-based officials face a quandary balancing the need to ease constriction on the economy and avoiding fallout from the “US financial vortex.”