ECB’s Visco says case growing for less aggressive rate hikes

2022.11.16 06:31

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ECB’s Visco says case growing for less aggressive rate hikes

Budrigannews.com – The European Central Bank (ECB) will have to continue raising interest rates but there is a growing case for doing so in a less aggressive way than in recent months, Bank of Italy Governor Ignazio Visco said on Wednesday.

In a speech in Rome, Visco, who sits on the ECB’s governing council, also warned policymakers against being set on a pre-determined path and said future monetary policy decisions must be based on data and evidence.

“The need to continue with restrictive policy is … evident, although reasons to follow a less aggressive approach are gaining ground,” Visco said.

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ECB’s Visco says case growing for less aggressive rate hikes