ECB shouldn't be expected to match Fed hikes, Visco says
Tweet
Share
E-mail
FILE PHOTO: Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. REUTERS/Wolfgang Rattay
FRANKFURT (Reuters) - The European Central Bank shouldn't be expected to match the Federal Reserve's interest rate hikes, ECB policymaker Ignazio Visco said on Thursday, backing market expectations for lower borrowing costs than in the United States.
"I don't think that we should expect really to react (in) the way the Fed has done," the Bank of Italy's governor told an event at the OMFIF's think-tank.
He also said market expectations for the ECB's deposit rate to peak at 3% next year were "in the range" once that rate was corrected for the inflation premium, putting it "a little bit below that".
(Reporting By Francesco Canepa; editing by John Stonestreet)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iranian oil offers to Chinese buyers fall as US blockade bites, sources say
- Take Five: Six months of war
- Poland detains man accused of calling for assassination of politicians
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
