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