Bank of Italy governor Visco speaks to Foglio. Bloomberg reporting 30 Sept

  • QE makes reforms easier not harder
  • may need to temporarily overshoot inflation target
  • high debt not EU rules weigh on Italian budget policy

Another one fantasising on inflation. Yes it can go up but to even talk about overshooting at this stage is somewhat pointless imho

Meanwhile EURUSD 1.1217 still caught up in the cross-ccy plays

BOI's Visco wishing and hoping on inflation