‘The strength of the exchange rate decline is larger than we had expected’ – ECB’s Visco

FXStreet (Mumbai) - European Central Bank (ECB) Governing Council member and Bank of Italy Governor Ignazio Visco said over the weekend that the common euro zone currency had weakened faster than expected and there were risks the program could overshoot its goal, as well as cause an excessive rise in the prices of financial and real estate assets.

Key Quotes:

The ECB's asset-buying program risks include "overshooting,"

"it is beyond doubt that the strength of the exchange rate decline is larger than we had expected."

"We must try to get inflation close to 2% as quickly as possible,"

We can't keep interest rates at zero forever or for an ultra-prolonged period of time."