ECB’s Visco: Central bank unlikely to end tapering before 2023

The European Central Bank (ECB) will not end tapering before 2023, Governing Council member Ignazio Visco said in an interview on Thursday.

Additional quotes

“Will maintain very favorable financing conditions for economy.”

“Expect average inflation of 3% in 2022, then gradually slow to just below 2%.”

“Inflation forecasts below 2% in 2023-24 exposed to downside and upside risks.”

“See no reason to reassess inflation target of 2%.”

Market reaction

EUR/USD remains pressured near 1.1325 amid resurgent US dollar demand and these dovish ECB comments. The spot is down 0.20% on the day.

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