ECB shouldn't embark on series of rate hikes like in 2022 - BoI's Panetta

(ANSA) - ROME, JUL 7 - The European Central Bank (ECB) should not respond to the current inflationary pressures with a series of interest-rate hikes like it did after Russia's invasion of Ukraine in 2022, Bank of Italy Governor Fabio Panetta said on Tuesday. "It would be a mistake," Panetta told the ChaMp conference. "We are not in the same situation as in 2022. Demand is weaker and real interest rates are higher". The outlook for the eurozone remains "fragile," he added. "The ECB's decision ...

By ANSA