Visco says ECB will need to act if eurozone economy doesn't pick up

FILE PHOTO: Bank of Italy Governor Ignazio Visco speaks to reporters during the G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka, Japan June 9, 2019. Franck Robichon/Pool via REUTERS/File Photo - Copyright POOL New(Reuters)

By Reuters

Published on 12/07/2019 - 12:04•Updated 19/04/2024 - 17:57

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MILAN (Reuters) - The European Central Bank will need to adopt further expansionary measures if the euro zone economy does not pick up, and it will consider its options "in the coming weeks," governing council member Ignazio Visco said on Friday.

In a keynote speech in Milan, the Bank of Italy Governor said that "in the coming weeks the ECB will continue to assess how to adjust the instruments at its disposal" in the face of weak growth and low inflation expectations.