There should be a level of flexibility in the ECB’s toolbox – Ignazio Visco

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The member of the Governing Council of the European Central Bank (ECB), Ignazio Visco, told Bloomberg TV on Monday that Market expectations are not as consistent with ECB guidelines.

Featured statements

“The ECB has not discussed raising the limit on international bond purchases.”

“We may end up raising the limits, but nothing has been discussed.”

“Monetary policy will remain accommodative, it will examine price pressures if anything remains.”

“The Price pressures can last for a few months, even into the next year, but we’re not seeing second-round effects. “

There should be a level of flexibility in the ECB’s toolbox.”

Market reaction

The common currency struggles to find demand after these comments and the EUR / USD is trading at time of writing above 1.1584, shedding 0.15% daily.

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