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UBS CEO Very Worried About Asset Bubbles, Says ‘Cutting Rates To Infinity’ Not Great For You (Or Him)
UBS's Sergio Ermotti sat down for interviews with the financial press on Tuesday after the bank reported its best quarter in nine years.
During lengthy comments on the state of the banking industry and the outlook for markets amid a global dovish pivot from policymakers, Ermotti sounded a highly skeptical tone about the efficacy of more monetary accommodation.
Asked by Bloomberg whether central banks are blowing bubbles, Ermotti said this:
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