ECB’s Visco: We are not very far from peak in interest rates

In an interview with Italy's Sky TG24 news channel, European Central Bank Governing Council member Ignazio Visco said, “we are not very far' from peak in interest rates.”

Additional quotes

“Private debts in italy among the lowest in Europe, financial stability not at risk.“

“Banks must set aside funds to face risks, should avoid dividends to shareholers.”

Market reaction

EUR/USD was last seen trading at around 1.1150, up 0.24% so far.