Expected a rate cut, don't think it's long-term vision says Orsini
Italia
Confindustria President Emanuele Orsini said Thursda he had expected a rate cut from the European Cnetral Bank and not a quarter point hike and said this did not reflect a long-term vision on the part of ECB Chair Christine Lagarde in raising the main rate to 2.25%. "Given what's happening around us, given that the causes are external, not internal, I expected a rate cut rather than a rate hike," said the head of Italy's industrial employers' federation. "Honestly, I believe that at a
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