European Central Bank Visco
- Deflation risk seems to be really past
- Consistency between ECB stimulus tools is important - QE, interest rates are a 'package', not single measures
- ECB could shorten break between QE exit & rate hike
ECB's current guidance foresees that borrowing costs will stay at current or lower levels "for an extended period" and won't rise until "well past" the end of bond-buying, Visco said this period "could" be shortened
- But can't say when QE is coming to an end
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Meanwhile, EUR does nothing ... updates:
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Ignazio Visco is Governor of the Banca d'Italia, and thus an ECB Council member
Speaking in a Bloomberg TV interview