ECB's Visco: Inflation not yet consistent with monetary, price stability

<ul><li>Monetary policy reaction was necessary</li><li>Second-round effects are keeping inflation at levels not consistent with underlying monetary and price stability</li></ul><p>Some token remarks there by Visco as he is set to depart as Italy's central bank governor at the end of this month.</p>

This article was written by Justin Low at www.forexlive.com.