Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

ECB's Visco says new stimulus was necessary to counter deflation risk

ECB's Visco says new stimulus was necessary to counter deflation risk
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 -
Copyright
POOL(Reuters)
Euronews logo
Text size Aa Aa

MILAN (Reuters) – European Central Bank policymaker Ignazio Visco said on Saturday recent expansionary measures agreed by the bank were necessary to counter the risk of a return to deflation in the euro area.

“We must counter the significant risk that the economic slowdown and the low level of inflation translate into a permanent reduction in inflation expectations or a re-emergence of the threat of deflation,” Visco said during a conference.

At its Sept. 12 monetary policy meeting, the ECB decided to resume asset purchases designed to loosen monetary policy, a decision opposed by a third of the policymakers.

(Reporting by Giulio Piovaccari; Editing by Gareth Jones)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.