ECB’s Visco – There’s an increase of downside risks

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    European Central Bank (ECB) Governing Council member Ignazio Visco said today that downside risks have mounted and that inflation data, and in particular inflation expectations, are discouraging.

    Visco added that the Bank would do what is necessary to "respect" its price stability mandate.

    Key quotes

    Inflation, especially inflation expectations, not encouraging

    Goal is not to let expectations de-anchor dramatically

    ECB determined to do what's necessary to respect mandate

    Negative interest rates are very unconventional policy
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