Italy's Prime Minister Giorgia Meloni on Thursday said the European Central Bank should avoid making 'pejorative choices' and communicate well on its choices, after its decision to hike interest rates raised financial pressure on Italy.
Italy's Prime Minister Giorgia Meloni holds her end-of-year news conference in Rome, Italy, December 29, 2022. REUTERS/Guglielmo Mangiapane
ROME, Dec 29 - Italy's Prime Minister Giorgia Meloni on Thursday said the European Central Bank should avoid making "pejorative choices" and communicate well on its choices, after its decision to hike interest rates raised financial pressure on Italy. "In the current situation, it would be better to avoid making pejorative choices," Meloni told reporters at her end-of-year news conference, adding the Italian government respected the autonomy of the central bank.its benchmark interest rate by 50 basis points as widely expected, but also signaled that more hikes would follow in the coming months.
Following that move, several ministers in Meloni's right-wing government criticised the European Central Bank and said itReporting by Angelo Amante, editing by Alvise Armellini
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