“The recent fears about Italian debt must be better understood” but “there are no signs that the Italian spread has reached a level that would lead to action by the European Central Bank” said the governor of Bank of Italy at the IMF annual meeting in Marrakesh
“My impression is that budget prudence is necessary” on the measure. This was stated by the governor of the Bank of Italy, Ignazio Visco, interviewed by Bloomberg TV at the IMF annual meeting in Marrakesh. Visco also said he was convinced that “we can grow more”. Also reassuring words from the governor of Bank of Italy on the spread: “The recent fears about Italian debt must be better understood” but “there are no signs that the Italian spread has reached a level that leads to action by the ECB”.
“Possible energy increases”
On the topic of energy price increases, “there is the risk that energy prices will increase” due to the crisis in the Middle East (THE LIVEBLOG ON THE WAR), Visco said again, “but I don’t think there is the same type of risk ” which occurred with the war in Ukraine, when the price of gas skyrocketed to over 200 euros. And on inflation: “I believe we are on track to reach the target of 2% inflation.” my concerns are on the geopolitical front”, where “great uncertainty looms large even before the Hamas attack on Israel”.