Visco Says ECB Could Reduce Gap Between QE End and Rate Hike
- Bank of Italy governor speaks in Bloomberg TV interview
- Consistency between individual stimulus measures is important
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European Central Bank Governing Council member Ignazio Visco said the central bank could step away from its commitment to keep interest rates low for a long time after quantitative easing stops.
While the 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, the Bank of Italy governor said this period “could” be shortened.