POPA Recon[Ubs] UBS rate hike unlikely
[Ubs] UBS rate hike unlikely • The market currently expects two rate hikes by April next year, but UBS sees a low chance of a short-term rate hike. • Inflationary pressures are easing, and core commodity prices in the Consumer Price Index (CPI) are on the decline, which is expected to lower the inflation figure by 0.8%p over the next year. • Economic growth is expected to slow in the second half of this year due to reduced fiscal support and stagnant real income growth, and conditions for the Fed to raise interest rates are not met. • Major policy changes are likely to be delayed as the Fed'…
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