Bank of Italy outlines downside risks as inflation falls
Bank warns of ‘significant risks’ from international situation
Monetary policy-makers need to "take decisive action to combat the downside risks to inflation", the Bank of Italy said in its latest economic bulletin. Italian annual HICP inflation rate fell to 0.1% in December 2015, marginally below the eurozone average of 0.2%.
International conditions pose "significant risks" to recovery in the eurozone, the bulletin said. Downside inflation risk stems from the potential for "lower-than-expected" growth in demand, persistently large spare production
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