The global economy - navigating uncertainty and change
15 February 2025 · 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 , public finances and debt , growth, investment and productivity
FP 15 Feb 2025 · Fabio Panetta Wiki · Banca d'Italia Wiki The global economy - navigating uncertainty and change Context Speech at the 31st ASSIOM FOREX Congress of Italian market operators; the Bank of Italy safeguards price and financial stability and faces global trade uncertainty.
Why it matters Italy's governor argues that euro area policy no longer needs to be restrictive as inflation nears target.
Problems raised Monetary policy is still restrictive while inflation nears target. Italy's productivity is weak. Public debt is high. Solutions proposed Ease policy as restraint becomes unnecessary. Tackle productivity and public administration. Complete the NRRP investments and reforms. Read full speech on bis.org ↗ More from Fabio Panetta · Banca d'Italia · all speeches
More speeches by Fabio Panetta Other leaders on monetary policy and interest rates
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