Inflation and long-term interest rate
· Ignazio Visco, Governor of the Banca d'Italia (Italy)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, climate, energy and nature, trade, fragmentation and geopolitics
IV · Ignazio Visco Wiki · Banca d'Italia WikiInflation and long-term interest rateContextAddress by Ignazio Visco, Governor of the Bank of Italy, at the "Analysis: Institutional Forum", Milan, 16 June 2022.
Why it mattersVisco addresses unjustified spreads in long-term rates.
Problems raised- Inflation is rising sharply.
- Energy prices drive inflation.
- Euro area faces fragmentation risk.
Solutions proposed- Normalise policy.
- Address unjustified fragmentation.
- Monitor long-term rates.
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