(ANSA) - ROME, DECEMBER 24 - Against interest rate increases "we can expect further opposition and we must resist. It is precisely for this reason that central banks are independent": says Isabel Schnabel, member of the executive committee of the ECB, responding to a question on the criticisms, in Italy, of the recent increases in the cost of money by the ECB.
"Governments in general don't like rate hikes very much.
They weigh on the fiscal position because they make it more expensive to issue new debt."
(HANDLE).