Central Banks
Italy’s Salvini Says ECB Rate Hiking Is ‘Nonsense and Dangerous’
- Deputy prime ministers criticize policy after Lagarde comments
- Central bank is frequent target of Meloni government
Matteo Salvini
Photographer: Tiziana Fabi/AFP/Getty Images
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Italy’s two deputy prime ministers lashed out at the European Central Bank after its president, Christine Lagarde, signaled an intention to hike interest rates again next month.
Matteo Salvini and Antonio Tajani, leaders of coalition parties in premier Giorgia Meloni’s government, both criticized the prospect of further monetary tightening in the wake of her comments at an annual retreat in the Portuguese hilltop resort of Sintra.