- Can also aim to maintain rates adequately high for a sufficient period of time
- Rate decision is taken on a meeting by meeting basis, depending on incoming data
Visco might be a bit biased here as he is also playing the role as Bank of Italy governor. In case you missed it, this was Meloni’s comments last week on the matter. But in any case, we are starting to see some divergence in opinion in the ECB and that does not make the September decision a given at this point.
This article was written by Justin Low at www.forexlive.com. Source