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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

Ignazio Visco

Photographer: Alex Kraus/Bloomberg

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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.