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MNI BRIEFING: ECB Rates Still Reasonable - Visco


The European Central Bank Interest rates are still at a "reasonable level not creating extraordinary pressure" on the economy, even if they are at restrictive levels, Bank of Italy’s governor Ignazio Visco told and Italian parliament hearing on Wednesday.

Questioned by lawmakers, Visco argued that future ECB rate movements should be decided meeting-by-meeting “based on the available information” and that prudence should be to the fore.

If gas prices remain under EUR 50 in a sustained way, inflation will soon start to fall and return to 2% levels in the future, Visco added.

MNI Rome Bureau | +34-672-478-840 |
MNI Rome Bureau | +34-672-478-840 |

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