The European Central Bank may begin to raise interest rates, perhaps as early as July, gradually bringing them back into positive territory. This was stated to Bloomberg TV, on the sidelines of the financial G7, by the governor of the Bank of Italy, Ignazio Visco. “Inflation expectations are now around 2% and, apparently, will remain so – said Visco – So we can move and we can move gradually, increasing interest rates in the coming months”. “Now, I think we can get out of this negative territory”, added the number one of the Bank of Italy, underlining that a rise in June is out of the question, but “maybe July” could be the starting date.
“The debt to GDP grew a lot in 2020, to cope with the pandemic. Last year it fell by 4 points, after rising by 20. To continue to bring this ratio down, you need to do two things: first of all, have a strong prudence on the public budget over time, and guaranteeing conditions of economic growth, making good use of the funds made available to Italy for recovery and resilience programs. private sector “. This was stated by the governor of the Bank of Italy, Ignazio Visco, on Tg 3 on the sidelines of the G7 in Bonn. (
Concerns about the war
“International cooperation is essential for peaceful coexistence and for maintaining progress, which has been very important in the last 30 years on a global level”. This was stated by the governor of the Bank of Italy Ignazio Visco, in an interview with Tg3 on the sidelines of the G7 in Koenigswinter, near Bonn. Visco said he “shared the strong concerns about the effects of this dramatic event of the Russian invasion of Ukraine, which has effects on the economy and also on the financial monetary order, which had been established after the Cold War”. And he stressed that “we must keep a door open to dialogue”.