Lates News

The Chief Economist of Yuxin Bank Investment Research Institute, Marco Valli and Daniel Vernazza, stated in a report that they expect military actions against Iran to continue for several weeks. This will allow central banks around the world to temporarily overlook short-term turbulence, and subsequent tensions and energy supply disruptions are expected to ease. They stated, "In our baseline scenario, the Federal Reserve is still expected to cut interest rates only once this year, while the European Central Bank will keep rates unchanged until 2027." The two Chief Economists also added that the risks facing the European Central Bank this year have shifted from additional monetary easing to the possibility of early policy tightening.