Overview of economic and financial developments in Italy
· 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, trade, fragmentation and geopolitics, development and emerging economies
IV · Ignazio Visco Wiki · Banca d'Italia WikiOverview of economic and financial developments in ItalyContextAddress by Ignazio Visco, Governor of the Bank of Italy, at the ordinary general meeting of shareholders, Rome, 31 May 2023.
Why it mattersVisco presents the annual report as inflation returns.
Problems raised- Geopolitical tensions and the war weigh on the economy.
- Inflation has returned.
- Global activity has slowed.
Solutions proposed- Keep monetary policy focused on price stability.
- Strengthen the Bank's organisation and staff management.
- Promote international cooperation.
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