DAVOS, Switzerland (Reuters) - Swiss bank UBS Chairman Axel Weber said on Tuesday that central banks in Europe and the United States seem to be on hold in their interest rate hike cycles.
In a seminar at the World Economic Forum in Davos, Weber also said normalisation of crisis-mode, ultra-easy monetary policies of major central banks likely won't happen in the current economic expansionary cycle and will instead be "an issue for the next cycle."
(Reporting by Dmitry Zhdannikov and Leika Kihara; Editing by Mark Trevelyan)
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Dr. Axel A. Weber is a Chairman at The German Institute for Economic Research, a Chairman at UBS Group AG, a Chairman at UBS AG, a Chairman at UBS AG (London Branch), a Chairman at The Institute of International Finance, Inc., a Member at European Banking Group, a Member at European Financial Services Round Table, a Member at Société Universitaire Européenne De Recherches Financières, a Member at The Group of Thirty, a Member at The Trilateral Commission, a Member at Verein Für Socialpolitik and a Member-Foundation Board at International Institute for Management Development. He is on the Board of Directors at Financial Services Professional Board, International Monetary Conference, Swiss Bankers Association, Swiss Finance Council, UBS AG /Stamford Branch/ and Stiftung Avenir Suisse. Dr. Weber was previously employed as a Chief Executive Officer by Deutsche Bundesbank, a Chief Executive Officer & Member-Governing Council by European Central Bank, a Member by German Council of Economic Experts, a Professor by Universität zu Köln, a Professor by Johann Wolfgang Goethe-Universität Frankfurt am Main, a Professor by University of Bonn, and a Governor by International Monetary Fund. He also served on the board at The Bank for International Settlements. He received his graduate degree from Universität Konstanz and a doctorate degree from the University of Siegen.
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UBS AG (London Branch)
 UBS AG (London Branch) Investment ManagersFinance UBS AG (London Branch) is the Great Britain-based brokerage subsidiary of UBS AG, ultimately held by UBS Group AG (SWX: UBSG) in Switzerland. Headquartered in London, the firm was founded in 1998 and provides nimble, innovative and bespoke access to solutions, from market and insight tools, to trading strategies and execution for private, institutional and corporate clients worldwide, as well as private clients in Switzerland. They distribute, trade, finance and clear cash equity and equity-linked products. The firm also structures, originates and distributes new equity and equity-linked issues. | Chairman |
The German Institute for Economic Research
 The German Institute for Economic Research Investment ManagersFinance The German Institute for Economic Research (dba DIW Berlin) is a private economic research institute headquartered in Berlin, Germany. Founded n 1925, the firm conducts socially relevant research in line with international standards, engages in knowledge transfer, and supports young researchers. The institute analyzes the economic and social aspects of topical issues, formulating and disseminating policy advice based on its research findings. DIW Berlin is a member of the Leibniz Association and operates exclusively for non-profit scientific purposes. | Chairman |
