· Ignazio Visco Wiki · Banca d'Italia WikiSpeech - Annual Meeting of the Italian Banking Association
Read full speech on bis.org ↗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
- Inflation in the euro area is too high.
- Banks face higher rates and risks.
- Economic data remain uncertain.
Solutions proposed
- Stop reinvestments under the asset purchase programme.
- Decide meeting by meeting based on data.
- Ensure inflation returns to 2% quickly enough.