{"id":73219,"date":"2022-09-30T19:38:00","date_gmt":"2022-09-30T15:38:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73219"},"modified":"2022-09-30T19:53:03","modified_gmt":"2022-09-30T15:53:03","slug":"ecbs-visco-significant-worsening-of-economic-outlook-is-cause-for-concern","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecbs-visco-significant-worsening-of-economic-outlook-is-cause-for-concern\/09\/30\/market-updates\/","title":{"rendered":"ECB&#8217;s Visco: worsened economic outlook cause for concern"},"content":{"rendered":"\n<p>European Central Bank (ECB) must continue to raise rates even though long-term inflation expectations remain anchored, ECB Governing Council member Ignazio Visco said on Friday.<br><br>These comments don&#8217;t seem to be having a noticeable impact on the shared currency&#8217;s performance against its rivals. As of writing, EUR\/USD was down 0.2% on the day at 0.9795.<br><br><strong>Key Quotes<br><\/strong><br>&#8220;Approach to policy tightening will be defined meeting by meeting based on data\u201d.<br><br>&#8220;Euro area mid-term economic prospects important to establish more appropriate final level, proceeding gradually\u201d.<br><br>&#8220;No obvious reason at present to tie our hands with idea of exceptionally high rate increases\u201d.<br><br>&#8220;Rate hikes could have the biggest impact on inflation once economy has already significatly slowed down\u201d.<br><br>&#8220;Significant worsening of economic outlook is cause for concern\u201d.<br><br>&#8220;Impossible to fully offset impact of energy shock on wages, profits\u201d.<br><br>&#8220;Fiscal policy can redistribute impact, but increasing debt would unfairly shift burden on future generations\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Central Bank (ECB) must continue to raise rates even though long-term inflation expectations remain anchored, ECB Governing Council member Ignazio Visco said on Friday.These comments don&#8217;t seem to be having a noticeable impact on the shared currency&#8217;s performance against its rivals. As of writing, EUR\/USD was down 0.2% on the day at 0.9795.Key Quotes&#8220;Approach &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,9575],"class_list":["post-73219","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-ignazio-visco"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=73219"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73219\/revisions"}],"predecessor-version":[{"id":73251,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73219\/revisions\/73251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53676"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}