Italian deputy governor to step down after clashes with government

One of the Bank of Italy’s deputy governors will not seek a second term, the central bank announced today (March 20) in an extremely brief statement.

The reasons behind the move are unclear, but may be a sign of worsening tensions between Italy’s central bank and its populist coalition government. 

The central bank announcement came a day after local media reported that Salvatore Rossi wrote to staff to say he would step down. Rossi’s resignation comes days after leading members of Italy’s