ROME (Reuters) – The European Central Bank (ECB) will have to continue raising interest rates but there is a growing case for doing so in a less aggressive way than in recent months, Bank of Italy Governor Ignazio Visco said on Wednesday.
In a speech in Rome, Visco, who sits on the ECB’s governing council, also warned policymakers against being set on a pre-determined path and said future monetary policy decisions must be based on data and evidence.
“The need to continue with restrictive policy is … evident, although reasons to follow a less aggressive approach are gaining ground,” Visco said.
(writing by Gavin Jones, editing by Alvise Armellini)
