ECB’s Visco says they will remain very accommodative after QE recalibration

BOI governor and ECB governing council member out on the wires 31 OctRe Italy:

  • lenders Cert1 ratio in H1 rose to 13.1% from 11.5%
  • low wage increases reflect large labour market slack

Meanwhile EURUSD steady at 1.1630 but EURGBP dipping below 0.8800 pushing GBPUSD up to 1.3218 while EURJPY edges up to 131.80 as USDJPY moves higher again to 113.37
EZ data receiving an understandably less than emphatic reaction so far.      Visco says ECB will remain very accommodative for a while yet Article Source

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