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ECB can safely raise rates out of negative territory, Visco says -Breaking

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© Reuters. Ignazio Visco, a member of the European Central Bank Governing Council, looks on as he speaks to Reuters in Rome, Italy May 31, 2021. REUTERS/Guglielmo Mangiapane

KOENIGSWINTER (Germany) – Because financing conditions are still exceptionally simple, the European Central Bank could raise its benchmark rate from negative territory, Ignazio Visco, ECB policymaker, said Friday.

Following a German meeting of Group of Seven financial policymakers, the Bank of Italy’s Governor spoke with reporters.

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