ECB’s Visco: Wait-and-see monetary policy not appropriate

European Central Bank (ECB) Governing Council member and Head of the Italian central bank Ignazio Visco is crossing the wires now via MNI, expressing his view on the ECB monetary policy stance.

Key Quotes:

Wait-and-see monetary policy not appropriate

ECB monpol has prevented deflation spiral

The current low level of policy rates is the appropriate monetary stance given current economic conditions

No indications of asset bubble in euro area

Monpol is not solution to structural problems