ECB’s Ignazio Visco defends interest rate hikes as ‘enough but not too much’

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ECB’s Ignazio Visco defends interest rate hikes as ‘enough but not too much’
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The ECB kept interest rates unchanged for the first time in more than a year last week, ending a series of 10 consecutive hikes

The European Central Bank acted correctly and wisely in raising rates and keeping them high, Ignazio Visco, a member of the governing council, said on his last day in the job on Tuesday.

“I believe that the governing council’s decision to keep rates at the current level for a sufficiently long time — to regulate therefore the persistence of our action more than it’s intensity — is a wise decision,” Visco, who also heads the ...

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