ECB’s Visco: Inflation may drop more quickly than forecast

European Central Bank (ECB) Governing Council member Ignazio Visco said on Tuesday, “inflation may drop more quickly than forecast.”

Additional quotes

"Manufacturing slowing but services like tourism booming."

"Inflation may drop more quickly than forecast."

"I don’t think we need to have a recession."

Market reaction

EUR/USD was last seen trading at around 1.1255, up 0.18% so far.