Ignazio Visco is Governor of the Financial institution of Italy and thus a European Central Financial institution Governing Council member.
He spoke over the weekend in entrance of Italy’s Assiom-Foreign exchange monetary markets affiliation.:
- “The coverage tightening can now proceed with the due warning, rigorously assessing the implications for the economic system and inflation prospects of the measures which have already been adopted”
- stated that unwarranted extra tightening would have “critical implications” for financial exercise and monetary stability
- stated short-term inflation expectations have dropped sharply and longer-term ones stay underneath management
Information through Reuters.
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Huh, Visco’s jawboning tilting rather less hawkish after the 50bp price final week: