Finance › Speeches › Fabio Panetta

Disinflation in the euro area and the opportunities for the Italian economy

· Fabio Panetta, 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

FP
· Fabio Panetta Wiki · Banca d'Italia WikiDisinflation in the euro area and the opportunities for the Italian economy

ContextAddress by Fabio Panetta, Governor of the Bank of Italy, at the conference "The Cooperative Banking Group: opportunities and challenges of a new banking model", organised by the ICCREA Cooperative Banking Group to mark its 60th anniversary, Rome, 30 November 2023.

Why it mattersPanetta warns against keeping policy tighter than needed once disinflation is secure.

Problems raised
  1. Inflation in the euro area is falling but core inflation remains high.
  2. Growth in Italy and the euro area is weak.
  3. Banks must select and manage risks carefully in a changing environment.
Solutions proposed
  1. Avoid keeping policy tighter than needed once disinflation is secure.
  2. Use the financial system to channel savings into productive investment.
  3. Support cooperative banks in adapting their business model.
Read full speech on bis.org ↗

More from Fabio Panetta · Banca d'Italia · all speeches

More speeches by Fabio Panetta

Other leaders on inflation and price stability