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Banks and the economy - credit, regulation and growth

· Fabio Panetta, 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, growth, investment and productivity

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· Fabio Panetta Wiki · Banca d'Italia WikiBanks and the economy - credit, regulation and growth

ContextSpeech at the annual meeting of the Italian Banking Association; the Bank of Italy safeguards price and financial stability and supervises banks in a stagnating economy.

Why it mattersItaly's governor argues that the ECB can adjust policy as inflation eases.

Problems raised
  1. Euro area activity stagnated.
  2. Domestic demand is weak.
  3. Services inflation falls slowly.
Solutions proposed
  1. Adjust monetary policy as inflation eases.
  2. Support credit and growth.
  3. Keep regulation balanced.
Read full speech on bis.org ↗

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