Rates can be moved back into positive territory by the ECB: Visco

Frankfurt (Reuters) – Ignazio Visco, head of the Italian central bank, told Bloomberg TV on Friday that the European Central Bank could start raising interest rates as soon as July, moving them slowly back into positive territory.

“Expectations for inflation are now around 2%, and it looks like they’ll stay there,” Visco said. “Because of this, we can move, and we can raise interest rates slowly over the next few months.”

“Now, I think we can get out of this negative territory,” Visco said. He also said that a hike in June is out of the question, but “maybe July” could be the month when things get off the ground.

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