(Finance) – The president of the Abi, Anthony Patuellideclared that he sees “shoots of recovery in the Italian economy, which are inherent in various factors”https://www.Finance.it/DettaglioNews/213_2024-10-03_TLB/.”The first is theinflation which statisticians guarantee is in compression. This is giving the ECB the possibility of rate reductions ahead of the choices of many other central banks”, explained Patuelli speaking at the 56th credit day. “I market rates – he added – they have been anticipating even further reductions by the ECB for many months.
According to Patuelli in Italy “thecredit offer remains abundant”https://www.Finance.it/DettaglioNews/213_2024-10-03_TLB/.”Now the problem is one of trust and that what the financial market evaluates can also be evaluated by businesses and families, in order to trigger a virtuous cycle of investments”, he underlined.
As for the case UniCredit-CommerzbankPatuelli underlined that inbanking union “It’s not governments that decide on market operationsthe decision is made ECB in its absolute independence, which protects it from political interference”.