👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Italy expects ECB to start cutting rates in second half of year

Published 22/04/2024, 20:11
© Reuters. FILE PHOTO: Italy's Minister of Economy and Finance Giancarlo Giorgetti delivers a speech at the G7 High-Level Corporate Governance Roundtable in Niigata on May 11, 2023. KAZUHIRO NOGI/Pool via REUTERS/File Photo

© Reuters. FILE PHOTO: Italy's Minister of Economy and Finance Giancarlo Giorgetti delivers a speech at the G7 High-Level Corporate Governance Roundtable in Niigata on May 11, 2023. KAZUHIRO NOGI/Pool via REUTERS/File Photo

ROME (Reuters) - Italy expects the European Central Bank (ECB) to start cutting interest rates from the second half of 2024, the country's economy minister said on Monday.

"The gradual easing of monetary policy, which is likely to take place starting in the second half of this year, would be a supportive factor, particularly in its effect on bank credit flows," Minister Giancarlo Giorgetti said addressing parliament on the Treasury's new multi-year budget framework.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.