Another ECB member weighs in a warning about EUR - Visco worried by EUR strength - mentions intervention

Author: Eamonn Sheridan | Category: Central Banks

European Central Bank member and Italy's central bank governor Ignazio Visco spoke at an event on Sunday. 

  • "The euro's recent strengthening is worrying us because it generates further downward pressures on prices at a time when inflation is already low" 
  • "The monetary policy implications are obvious: if the downward pressures jeopardise our price stability objective, we'll have to intervene."
Sabre rattling from Visco.  EUR has backed off from recent highs but not by much. 

via Reuters  

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