Main threat to stability from low growth, says Italian deputy

Fabio Panetta says credit growth ‘remains subdued’

bank-of-italy

The main danger to financial stability in the eurozone "stems from low real and nominal economic growth", a Bank of Italy deputy governor, Fabio Panetta, said today (November 24).

He told an audience in Milan there was "broad agreement" on this point, noting the European Central Bank's asset purchases were "directed to countering these risks".

Panetta added aggregate credit growth "remains subdued" in most eurozone countries, while the credit-to-GDP gap is "well below its historical average"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.