Economics
ECB’s Visco Insists on ‘Orderly’ Rate-Hike Pace to Avoid Stress
- Italian governor says tightening must happen ‘gradually’
- Recent widening of bond spread shows ‘vulnerability’
Ignazio Visco
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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The European Central Bank’s interest-rate hiking must proceed in an “orderly” way to avoid threatening the integrity of the euro zone, Governing Council member Ignazio Visco said.