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Italy and the euro area in difficult and uncertain times

· Ignazio Visco, Governor of the Banca d'Italia (Italy)

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· Ignazio Visco Wiki · Banca d'Italia WikiItaly and the euro area in difficult and uncertain times

ContextRemarks at an OMFIF virtual dialogue; the Bank of Italy safeguards price and financial stability as Italy and the euro area face difficult times.

Why it mattersVisco discusses Italy's outlook as monetary policy normalises.

Problems raised
  1. Uncertainty is growing.
  2. Russia's aggression hurts the global economy.
  3. Italy faces difficult times.
Solutions proposed
  1. Continue monetary normalisation.
  2. Monitor the Italian economy.
  3. Keep policy data-dependent.
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