ECB Governing Council member Fabio Panetta assures concerns about high services inflation and wage growth, stating the ECB can gradually lower interest rates without compromising inflation decrease.
ECB Governing Council member Fabio Panetta has reassured concerns about high services inflation and wage growth, stating that the European Central Bank should not be overly worried. The ECB can continue to gradually lower interest rates without compromising the ongoing decrease in inflation, according to Panetta. Italian bank profitability, asset quality, and capitalization have improved, allowing them to face the future with confidence.
July 09, 2024
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