The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy's economy minister said on Saturday, sending a warning to the European Central Bank (ECB).
"Fighting inflation with monetary policy is not enough, recession cannot be the price paid for fighting inflation," Giancarlo Giorgetti said.
Speaking to the Ambrosetti business forum, Giorgetti confirmed that improvements in the first half of the year would allow Italy to slightly upgrade its official forecast for economic growth of 0.6% in 2023.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The ECB is still under pressure to raise key rates further – CommerzbankAs expected, the inflation rate in the euro zone fell significantly from 8.5% to 6.9% in March. By contrast, underlying inflation increased further. I
Leer más »
Bitcoin Nears $30,000 as BTC Gains Massive Public Exposure in Germany Through ECB: DetailsBitcoin projected to the main office of the ECB in Frankfurt. TuurDemeester $BTC
Leer más »
EUR/USD comes under pressure and retreats below 1.0900 ahead of data, ECBThe weekly uptrend in EUR/USD appears to have met a solid barrier around the monthly highs near 1.0930 on Friday. EUR/USD looks at data, Lagarde EUR/U
Leer más »
Breakingviews - ECB’s inflation battle has a 550 bln euro problemEuro zone lenders have so far weathered the financial storms blowing in from the United States and Switzerland. That has allowed the European Central Bank to keep raising rates to combat inflation. President Christine Lagarde’s job, however, is about to get harder.
Leer más »
ECB’s inflation battle has a 550 bln euro problemChristine Lagarde must keep tightening policy without triggering a bank crisis. She faces a test in June when a chunk of emergency loans comes due, increasing lenders’ funding costs. Targeted help, however, could ease financial risks and preserve the fight against high prices.
Leer más »
Stubborn inflation keeps ECB on course for more rate hikesInflation in the euro zone dropped by the most on record in March but 'core' price growth accelerated, which is likely to strengthen the case for more interest rate hikes by the European Central Bank.
Leer más »