Economics

Visco Warns Against Prematurely Reducing ECB Stimulus Amid Slack

ECB hasn’t discussed potential extension of pandemic program
Bank of Italy governor speaks in Bloomberg TV interview

European Central Bank Governing Council Member and Banca d’Italia Governor Ignazio Visco discusses Europe’s economic recovery, potential changes to ECB policy, and concerns related to Covid-19 and the delta variant.Source: Bloomberg

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By Jana Randow and Francine Lacqua

July 15, 2021 at 9:08 AM UTC

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The European Central Bank must be careful not to reduce monetary stimulus too soon to convince investors that it’s serious about meeting its inflation goal, according to Governing Council member Ignazio Visco.