Tuesday, December 1, 2020
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Tuesday, December 1, 2020

Another ECB member weighs in a warning about EUR

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European Central Bank member and Italy’s central bank governor Ignazio Visco spoke at an event on Sunday. 

  • “The euro’s recent strengthening is worrying us because it generates further downward pressures on prices at a time when inflation is already low” 
  • “The monetary policy implications are obvious: if the downward pressures jeopardise our price stability objective, we’ll have to intervene.”

Sabre rattling from Visco.  EUR has backed off from recent highs but not by much. 

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