ECB can move rates back into positive territory: Visco By Reuters

ECB can move rates back into positive territory: Visco By Reuters


© Reuters. FILE PHOTO: European Central Bank Governing Council member Ignazio Visco looks on during an interview with Reuters, in Rome, Italy, May 31, 2021. REUTERS/Guglielmo Mangiapane

FRANKFURT (Reuters) – The European Central Bank can start raising interest rates, perhaps as soon as July, moving them gradually back into positive territory, Italian central bank chief Ignazio Visco told Bloomberg TV on Friday.

“Inflation expectations are now at around 2% and apparently, they’re going to stay there,” Visco said. “Therefore we can move and we can move gradually, raising interest rates in the coming months.”

“Now, I think that we can move out this negative territory,” Visco said, adding that a hike in June is out of the question but “perhaps July” could be the date of lift-off.

Source link

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on reddit
Reddit
Share on whatsapp
WhatsApp
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!

Do You Know About Forex Trading?(Required)
Have you done Forex Trading before?(Required)
Where did you hear about us?(Required)
Enable Notifications    OK No thanks