European Central Bank Visco

  • Deflation risk seems to be really past
  • Consistency between ECB stimulus tools is important - QE, interest rates are a 'package', not single measures
  • ECB could shorten break between QE exit & rate hike

ECB's current guidance foresees that borrowing costs will stay at current or lower levels "for an extended period" and won't rise until "well past" the end of bond-buying, Visco said this period "could" be shortened

  • But can't say when QE is coming to an end

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Meanwhile, EUR does nothing ... updates:

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Ignazio Visco is Governor of the Banca d'Italia, and thus an ECB Council member

Speaking in a Bloomberg TV interview