G7: Visco, ok with a rate hike this summer, but gradual

(ANSA) - KOENIGSWINTER, MAY 20 - "The risk of deflation is behind us. We have kept the official interest rates long negative, to face these risks, and to respond to the effects of the pandemic on demand, consumption and investments. medium-term expectations of inflation at 2%, we can raise rates already in the summer. It is important that this be done gradually, also in the light of the many points of uncertainty due to the very serious crisis in Ukraine ".

This was stated by the governor of the Bank of Italy, Ignazio Visco, in an interview with Tg3 on the sidelines of the G7 Finanzea Koenigswinter, just outside Bonni n Germany.

(HANDLE).