Visco, yes to measures on bills and tourism, not general stimuli

(ANSA) – PARMA, 12 FEB – The Governor of the Bank of Italy Ignazio Visco welcomes targeted interventions on expensive bills or on individual sectors in difficulty but says no to general “generalized stimulus” measures that would cause tensions on prices and risks “for the balance of public accounts”. Speaking to Assiom Forex he explained how “limited interventions of an emergency nature can still find justification, for example to deal with the energy crisis or in cases where infections continue to hinder consumption and production, such as in services related to tourism, catering, to free time “. Visco stressed that the increase in inflation caused by the growth in energy costs “is essentially a tax, probably largely destined to fall, the most distorting effects of which can be offset, where possible, by public budgets” (HANDLE).

Source: Ansa

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