ECB must be careful about further interest rate cuts - Visco
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WASHINGTON (Reuters) - The European Central Bank must be careful in lowering interest rates further given the rising risk of unintended side-effects, Italian central bank chief Ignazio Visco said on Thursday. The ECB cut its key rate to a record low of minus 0.5% last month, and markets priced further cuts for the coming year in the face of exceptionally weak inflation pressures.But Visco, considered a dove on the ECB's rate-setting Governing Council, noted that negative rates hurt banks, which..