20.03.2017 12:26:51

ECB's Visco Says Gap B/w QE Exit & Rate Hike Could Be Shorter: Report

(RTTNews) - The European Central Bank may reduce the time it takes to raise interest rates after exiting quantitative easing, European Central Bank Governing Council member Ignazio Visco said in an interview to Bloomberg Television on Monday.

Euro area interest rates are set to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases, according to the ECB guidance.

Such horizon could be shortened, Visco, who heads the Bank of Italy, told the broadcaster.

The policymaker also noted that policy measures including ultra low interest rates, asset purchases and forward guidance are part of a single package.

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