ECB’s Visco: We are not very far from peak in interest rates

Market news

13 July 2023

ECB’s Visco: We are not very far from peak in interest rates

In an interview with Italy's Sky TG24 news channel, European Central Bank Governing Council member Ignazio Visco said, “we are not very far' from peak in interest rates.”

Additional quotes

“Private debts in italy among the lowest in Europe, financial stability not at risk.“

“Banks must set aside funds to face risks, should avoid dividends to shareholers.”

Market reaction

EUR/USD was last seen trading at around 1.1150, up 0.24% so far.

USD Index remains offered around 100.30 ahead of US data

USD/JPY falls back from 139.00 as soft US CPI assures only one rate hike by Fed this year

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.