Ignazio Visco speaking via MNI
- Inflation and inflation expectations are not encouraging
- ECB's goal is not to let expectations de-anchor dramatically
- Benefit to banks of a better economy offsets effects from negative rates
- ECB is determined to do what is necessary to respect mandate
- Negative rages are a very unconventional policy
The comments aren't fresh out the box, they come from China's CCTV and were given over the weekend