Italy’s problems just beginning, London and Frankfurt signal inflation worries
Friday 4 February 2022 – Vol.13 Ed.5.5
Commentary: Italy’s government faces big hurdles after botched presidential election
By Ignazio Angeloni in Frankfurt
Following a week of wrangling in Rome, the good news is that the choice for president has done more than anybody to guarantee stability and rationality in Italian politics over the last seven years: Sergio Mattarella. However, it’s difficult to over-estimate the political scarring, loss of credibility of the electoral system and atmosphere of feuding and recrimination left by last week’s squabbles.
Read the full commentary on the website.
Commentary: ECB wind of change heralds March monetary tightening
By David Marsh and Taylor Pearce
Attrition hangs in the air as the Bank of England and European Central Bank move to tighten policy in the face of higher and more persistent inflation. In uncoordinated action on 3 February, the Bank of England raised interest rates to 0.5% from 0.25% while the ECB signalled a shift to a significantly more hawkish stance at its next decision-making monetary meeting on 10 March.
Read the full commentary on the website.
