ECB's Visco says monetary policy not 'disarmed' in case of euro zone recession
Reuters
Published May 16, 2019 04:51AM ET
ECB's Visco says monetary policy not 'disarmed' in case of euro zone recession
MILAN (Reuters) - The European Central Bank has got tools to use if the euro area economy were to fall into a new recession, ECB's Governing Council member Ignazio Visco said on Thursday.
As the economic prospects for the region are currently dominated by uncertainty, Bank of Italy's governor said it was a mistake to fear that monetary policy would be "disarmed" should the situation degenerate into a full-blown recession or lead to deflation.
"Central banks can rely on a wide range of instruments to support economic activity and, if necessary, the Eurosystem is ready to use them all in order to fulfill its mandate," Visco said in the text of a speech published in the Bank of Italy's website.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.