October 31, 2019 / 10:30 AM / a month ago

ECB's Visco says monetary policy to remain accommodative

FILE PHOTO: Bank of Italy Governor Ignazio Visco speaks during a meeting in Rome, Italy, October 31, 2017. REUTERS/Remo Casilli

ROME (Reuters) - The European Central Bank’s monetary policy will remain expansionary to sustain demand, while growth- friendly fiscal policies in the eurozone could help speed a return to price stability, ECB Governing Council member Ignazio Visco said on Thursday.

“Eurozone inflation remains at an excessively low level and the risk of a de-anchoring of medium-long term expectations is appearing,” Visco, who is governor of the Bank of Italy, said during a conference in Rome.

In September, euro zone inflation reached 0.8% year-on-year, its slowest pace since 2016.

The ECB last month announced a package of measures that includes restarting bond purchases at a rate of 20 billion euros ($22.24 billion) a month from November.

Reporting by Stefano Bernabei, Giuseppe Fonte, editing by James Mackenzie

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below