· Ignazio Visco Wiki · Banca d'Italia Wiki2022 World Savings Day
Read full speech on bis.org ↗ContextAddress by Ignazio Visco, Governor of the Bank of Italy, at the 98th World Savings Day, organized by the Association of Italian Foundations and Savings Banks (ACRI), Rome, 31 October 2022.
Why it mattersVisco discusses savers in a year of rising rates.
Problems raised
- Uncertainty has increased.
- Russia's invasion hurts the economy.
- Rates rose from very low levels.
Solutions proposed
- Raise key rates.
- Protect savers.
- Support the economy.