ECB’s Visco says July ‘perhaps’ right time for first interest rate hike

Governing ECB Council member Ignazio Visco: “We can move gradually, raising interest rates in the coming months,” Visco said in an interview with Bloomberg Television yesterday. While June is too early as that is when the ECB will end net bond purchases, “we will move after that – after that, means perhaps July.”

THE European Central Bank (ECB) might be ready to increase interest rates for the first time in more than a decade in July, says Governing Council member Ignazio Visco.

“We can move gradually, raising interest rates in the coming months,” Visco said in an interview with Bloomberg Television yesterday. While June is too early as that is when the ECB will end net bond purchases, “we will move after that – after that, means perhaps July.”