"The return to more moderate levels of gas prices in Europe and the drop in its volatility", "lays the foundations for a convergence of inflation, in the medium term, with the ECB's target of 2%".
said the governor of the Bank of Italy Ignazio Visco in a lecture at the Frankfurt School of Finance & Management.
Visco underlined how "it will be necessary to monitor whether", after the effect caused by the 2022 price jump, companies "will allow final prices to reflect the most recent declines, a circumstance which would imply a less intense tightening of financial conditions".
