UBS on the European Central Bank rate hike – focused on the wrong thing

<p>UBS say that the rate hike from the ECB is likely to be its last for the cycle. </p><p>UBS analysts are not impressed with the European Central Bank, saying the Governing Council "is more focused on the present than the direction the economy is taking". </p><p>ICYMI:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecb-raises-key-rates-by-25-bps-in-september-monetary-policy-meeting-20230914/" target="_self">ECB raises key rates by 25 bps in September monetary policy meeting</a></li><li><a href="https://www.forexlive.com/centralbank/lagarde-rates-will-remain-at-sufficiently-restrictive-levels-for-as-long-as-necessary-20230914/" target="_self">Lagarde: Rates will remain at sufficiently restrictive levels for as long as necessary</a></li><li><a href="https://www.forexlive.com/centralbank/lagarde-qa-some-governors-would-have-preferred-to-pause-and-wait-on-more-data-20230914/" target="_self">Lagarde Q&amp;A: Some governors would have preferred to pause and wait on more data</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.