Bank of Italy gov and ECB governing council member making a speech in London

Bloomberg reporting

  • monetary policy alone can't guarantee lasting growth

Visco out with the "more reform needed" mantra

  • ECB will review stimulus at its December meeting
  • exit from low rates is an issue, we look to US experience

I reckon we know all that by now

  • concerns about "currency wars" are misplaced

Yea, right. Not.

EURUSD still around 1.0740 EURGBP 0.7084 EURJPY 132.14

Visco trying a new way to boost the economy