Finance › Speeches › Ignazio Visco

Speech - Annual Meeting of the Italian Banking Association

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, growth, investment and productivity, technology, ai and cyber risk

IV
· Ignazio Visco Wiki · Banca d'Italia WikiSpeech - Annual Meeting of the Italian Banking Association

ContextSpeech at the annual meeting of the Italian Banking Association in Rome; the Bank of Italy safeguards price and financial stability and supervises banks during rate rises.

Why it mattersVisco discusses ending asset purchase reinvestments as inflation stays high.

Problems raised
  1. Inflation in the euro area is too high.
  2. Banks face higher rates and risks.
  3. Economic data remain uncertain.
Solutions proposed
  1. Stop reinvestments under the asset purchase programme.
  2. Decide meeting by meeting based on data.
  3. Ensure inflation returns to 2% quickly enough.
Read full speech on bis.org ↗

More from Ignazio Visco · Banca d'Italia · all speeches

More speeches by Ignazio Visco

Other leaders on inflation and price stability