Ignazio Visco: Economic developments in the euro area and Italy, monetary policy, credit and banks

Ignazio Visco: Economic developments in the euro area and Italy, monetary policy, credit and banks

Speech

Ignazio Visco: Economic developments in the euro area and Italy, monetary policy, credit and banks

By Bank for International Settlements (BIS)

In this 2015 address, Governor Ignazio Visco outlines a critical turning point for the Eurosystem as it launches the Expanded Asset Purchase Programme (APP). Facing an inflation rate that dipped to -0.6% in the euro area and -0.4% in Italy by January 2015, Visco defends the ECB's decision to inject €60 billion monthly into the economy.

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