The European Central Bank is “not very far” from a peak in interest rates following a series of increases, Bank of Italy governor Ignazio Visco said on Thursday.
Interviewed on Italy’s Sky TG24 news channel, Visco repeated his view that it will take time for the impact of rate rises to feed through into the fight against inflation.
Visco also called on banks to set aside money to provide a buffer against risks in the financial sector, rather than returning profits to investors.
Read More : ECB’s Visco Suggests Peak in Interest Rates is Approaching