ECB’s exit from quantitative easing would be data dependent - UOB

Analysts at UOB Group noted that ECB policymaker and Bank of Italy Governor Ignazio Visco said (10 Oct) that if not for ECB’s monetary policy, the Eurozone would have been in deflation.

Key Quotes:

"He also explained that ECB’s exit from quantitative easing would be datadependent.

Visco stressed that euro zone interest rates will remain low for some time, “but not negative.” Visco added though that while negative interest rates are a challenge especially to bank profitability, they are “becoming normal” globally."