ECB Must Maintain Highly Accommodative Conditions, Visco Says
- Bank of Italy Governor, ECB Council member speaks in Modena
- Reforms, stability ‘key’ for Italian economic growth
This article is for subscribers only.
The European Central Bank must maintain an accommodative stance on monetary policy to avoid deflation risks and ensure price stability, Bank of Italy Governor Ignazio Visco said.
“There are as yet no clear indications of any inversion of trend in the core components driving developments in consumer prices and wage growth,” Visco, who sits on the European Central Bank Governing Council, said on Saturday in a speech at the annual Assiom-Forex conference in Modena, near Bologna. “To bring inflation back to a path consistent with medium-term price stability, monetary conditions must continue to be highly accommodative.”