Analysts at UBS Global Wealth Management AG expect two increases in the base rate of interest by the US Federal Reserve System (FRS) in 2019.

Min Lan Tan, UBS Chief Investment Officer in the Asia-Pacific region, said that global inflation remains low enough to maintain a policy of gradually tightening monetary policy, so the FRS can raise rates twice.

The forecast of UBS coincides with the expectations of the FRS management, but it contradicts the expectations of the market, which is generally tuned to the absence of interest rate changes in the United States in the current year.

The opinion of analysts of the Swiss bank is also shared by analysts JPMorgan Chase and Bank of America.

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