«So we risk the recession»- Corriere.it

«So we risk the recession»- Corriere.it

Of Claudio Bozza

The Deputy Prime Minister: raising interest rates does not favor growth. Criticism of Lagarde for announcing the decision "well in advance"

«I don't think that continuing to raise interest rates is going in the direction of growth, above all I don't agree with the announcements made well in advance as was done today by Christine Lagarde», of which he says «disappointed». The Deputy Prime Minister and Foreign Minister Antonio Tajaniat the Confsal congress, uses rather harsh words on the strategy of the president of the ECB.

«We suffer from a different inflation from the USA, it is caused by the cost of raw materials due to the war, today increasing the cost of money means putting businesses in difficulty – the government's number two is still pressing -. If interest rates are too high, you risk a recession.

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June 27, 2023 (change June 27, 2023 | 12:00)

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