Visco Says Yet to See What ECB Will Do on Rates Beyond March

The European Central Bank still doesn’t have visibility on what will happen in May after a likely half-point hike in interest rates next month, Governing Council member Ignazio Visco said.

“We last week decided that most likely it would be 3% in March — and then we see,” Visco said, speaking of the deposit rate. “We’ll see what will happen in the new data that we have, the incoming data, and the inflation outlook.”