ECB's Panetta, speaking in various forums, highlights that larger Italian banks are trailing behind European peers in investments and need to increase spending. He also mentions that Euro Zone inflation is expected to ease in the coming quarters. Panetta warns about the risks of a tight ECB policy leading to inflation undershoot and emphasizes the importance of prompt, gradual ECB cuts to prevent hasty decisions later.
ECB'S PANETTA: LARGER ITALIAN BANKS LAG BEHIND EUROPEAN PEERS IN THEIR INVESTMENTS, MUST STEP UP SPENDING.
⚠️ECB'S PANETTA: **LARGER ITALIAN BANKS LAG BEHIND EUROPEAN PEERS IN IT INVESTMENTS, MUST STEP UP SPENDING **IN 2023 THE NUMBER OF SERIOUS CYBER INCIDENTS REPORTED BY FINANCIAL INSTITUTIONS ROSE SHARPLY
ECB'S PANETTA: EURO ZONE INFLATION IS EXPECTED TO CONTINUE TO EASE IN THE NEXT FEW QUARTERS
ECB'S PANETTA: EURO ZONE INFLATION IS EXPECTED TO CONTINUE TO EASE IN THE NEXT FEW QUARTERS.
🇪🇺 🇮🇹 *BANK OF ITALY GOVERNOR FABIO PANETTA SPEAKS IN ROME - BBG *PANETTA: TOO TIGHT ECB POLICY RISKS INFLATION UNDERSHOOT *PANETTA: EVEN SEVERAL ECB CUTS WON’T STOP TIGHT RATE POLICY *PANETTA: PROMPT, GRADUAL ECB CUTS AVOID TARDY, HASTY ONES LATER *PANETTA: ITALY FACES CAREFUL…