ECB must avoid unnecessary rise in real interest rates – by fx_ross ECB EURUSD CentralBanks Currencies
too high, given the level of private and public debt in the euro area."Today, disinflation is obviously needed, but given the levels of private and public debts that prevail in the euro area, we must be careful to avoid engineering an unnecessary and excessive rise in real interest rates," Visco told the Warwick Economics Summit.
Pace of any further rate hike will continue to be decided on the basis of incoming data and their impact on inflation outlook.I am concerned about statements that seem to give a higher weight to the risk of doing too little.Given levels of private and public debts in euro area, we must be careful to avoid engineering an unnecessary and excessive rise in real interest rates.Visco told the Warwick Economics Summit.
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