Panetta, on the spreads the epicenter is the USA, we suffer the overflow
The governor of the Bank of Italy comments on the impact of US monetary policy and European political uncertainty
Quick Look
- Bank of Italy governor Fabio Panetta said in Bangkok that Europe is suffering from the spillover of US interest rates.
- He also underlined how political instability, implicitly citing France, disturbs the markets.
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Why It Matters
The statements were released on the sidelines of International Monetary Fund meetings in Bangkok.
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“The United States is the epicenter of rising interest rates globally” and “in Europe we are experiencing the spillover, the spillover of these high rates into the United States.”
The governor of the Bank of Italy Fabio Panetta said this while speaking to journalists on the sidelines of the IMF meetings in Bangkok.
"Of course, there is an expectation of potential political instability. Uncertainty disturbs the markets," added Panetta, implicitly referring to the political situation in France.
Open Questions
- What specific measures will the ECB take in response?
- How long will political instability in France last?
Related Topics
This article was originally published by ANSA Economia.
