Central Banks

ECB’s Visco Says Inflation May Drop More Quickly Than Forecast

Inflation can slow without recession, Bank of Italy chief says
Visco speaks in Bloomberg TV interview at G-20 meeting

WATCH: “Core inflation is stubborn.” Bank of Italy Governor Ignazio Visco discusses inflation in the EU.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Alexander Weber and Haslinda Amin

July 18, 2023 at 4:31 AM UTC

This article is for subscribers only.

European Central Bank Governing Council member Ignazio Visco said inflation may come down more quickly than the institution projected last month as falling energy costs continue to affect a broader range of prices.

While inflation measures that strip out volatile items are “stubborn,” lower prices for commodities including natural gas are expected to have a growing impact, Visco told Bloomberg Television on Tuesday.