ECB's Visco: Significant worsening of economic outlook is cause for concern – by eren_fxstreet ECB CentralBanks
European Central Bank must continue to raise rates even though long-term inflation expectations remain anchored, ECB Governing Council member Ignazio Visco said on Friday, as reported by Reuters."Euro area mid-term economic prospects important to establish more appropriate final level, proceeding gradually.""Rate hikes could have the biggest impact on inflation once economy has already significatly slowed down.
"Fiscal policy can redistribute impact, but increasing debt would unfairly shift burden on future generations."These comments don't seem to be having a noticeable impact on the shared currency's performance against its rivals. As of writing,Information on these pages contains forward-looking statements that involve risks and uncertainties.
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