ECB’s Visco: Do not expect monetary policy to be tightened for a long period

Dhwani Mehta FXStreet

“I don't expect monetary policy to be tightened for a long period,” the European Central Bank (ECB) Governing Council member Ignazio Visco said Thursday.

Additional quotes

“Financing conditions must remain favouable even if we have signs of price increases above target.”

“Have to avoid tapering before time.”

“If there's the market shock we have to be determined.”

“Discussion will start this month but continue in September. “

Market reaction

The euro is unfazed by the dovish ECB comments, with EUR/USD testing daily highs at 1.1847, up 0.05% 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.

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