ECB’s Visco Sees Case for Less Aggressive Policy Gaining Ground

The case for a less aggressive monetary policy approach from the European Central Bank is strengthening even though interest rates will keep rising to keep inflation in check, Governing Council member Ignazio Visco said.

“The need to continue with restrictive action is evident, even if the reasons to put in place a less aggressive approach are gaining ground,” Visco told lawmakers in Rome on Wednesday.