The European Central Bank intends to continue raising interest rates, but there are growing arguments among representatives of the regulator that it should act less aggressively than in recent months. In general, the ECB has raised rates by 200 bps since July, which was the fastest tightening of monetary policy in history. At the same time, the market expectations embedded in the quotes indicate that the rate hike cycle has passed a little more than half, and the next step of the central bank will be another increase in the rate by 50 or 75 bps in December. «The need to continue a tough policy is obvious, although the reasons to follow a less aggressive approach are increasing,» Bank of Italy Governor Ignazio Visco said. Visco also noted that further rate decisions should be based primarily on economic data and evidence. Speaking specifically about Italy, the politician called on the new government of Giorgi Meloni to act as responsibly as possible with regard to state finances and focus on reforms to increase the growth potential of the Italian economy.
PAUTAN SEGERA
Hubungi Kami 
