FRANKFURT, March 1 (Reuters) - The European Central Bank
should adopt a "gradual" approach to interest rate hikes as
inflation is showing early signs of decelerating and lending is
shrinking, ECB policymaker and Bank of Italy governor Ignazio
Visco said on Wednesday.
"Data on market- and survey-based inflation expectations –
including their recent decline at short horizons and their
decreasing profile ? and the marked deceleration of prices on a
3-month annualised basis may call into question the persistence
of inflation at high levels in the euro area, reinforcing the
arguments in favour of gradual monetary normalisation," Visco
told an audience in Frankfurt.
(Reporting By Balazs Koranyi; Editing by Francesco Canepa)
004906975651247; Reuters Messaging:
francesco.canepa.thomsonreuters.com@reuters.net))
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