Orcel added he expected the ECB's deposit rate could peak in the summer. (Reporting by Federico Maccioni, editing by Valentina Za)
MILAN, April 6 (Reuters) - The head of Italy's UniCredit expects the European Central Bank (ECB) to take a
'balanced approach' on interest rate hikes, acting on the basis
of economic data as they become available given the high level
of uncertainty.
"I believe that in the end the (European) Central Bank will
take a balanced approach, probably raising rates by more than
what 'doves' would like, but by less than what 'hawks' would,"
CEO Andrea Orcel was quoted as saying by Il Messaggero daily on
Thursday.
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