European Central Bank: Giavazzi, the wrong tool for responding to inflation – the last hour

(ANSA) – Rome, June 13 – “The spread and increase in interest rates will reduce private demand not immediately, but within a few months.” So Francesco Giovanni, economic advisor at Palazzo Chigi, during the Alberto Giovannini Prize organized by Webuild.

“The European Central Bank – he adds – promises to raise interest rates to respond to the increase in inflation with the wrong tool. We do not have demand inflation as in the United States but we have inflation linked to the price of gas. Special demand in the future months we must accelerate the NRP program.” (Dealing).

Reproduction is reserved © Copyright ANSA