ROME, FEBRUARY 25 – The ECB will raise rates to the extent necessary to ensure a return to inflation: “we cannot now indicate what the final rate will be, whether 3.5%, 3.25% or 3.75% , because it really depends on the data”. This was stated by the governor of the Bank of Italy Ignazio Visco in an interview on the sidelines of the G20 in Bangalore. “Our goal is to return to 2% inflation over the medium term. If we have to be more restrictive, we will be more restrictive.” Visco also defined the “gradual reduction” of the bonds in the portfolio that begins in March as “necessary”. (HANDLE).
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