ECB’s Visco: Central bank unlikely to end tapering before 2023
The European Central Bank (ECB) will not end tapering before 2023, Governing Council member Ignazio Visco said in an interview on Thursday.
Additional quotes
“Will maintain very favorable financing conditions for economy.”
“Expect average inflation of 3% in 2022, then gradually slow to just below 2%.”
“Inflation forecasts below 2% in 2023-24 exposed to downside and upside risks.”
“See no reason to reassess inflation target of 2%.”
“See Italy’s GDP can grow by 2 percentage points in next two years with an efficient implementation of its recovery plan.”
“Sustainability of public budgets is key both in Europe and in each country.”
“It would be helpful a eurozone or EU economy minister.”
“Final omicron impact on the economy is unknown at the moment.”
Market reaction
EUR/USD remains pressured near 1.1325 amid resurgent US dollar demand and these dovish ECB comments. The spot is down 0.20% on the day.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
