April 16, 2019 / 9:53 AM / 2 months ago

Bank of Italy says credible messages on debt reduction needed to reduce bond spread

ROME, April 16 (Reuters) - Credible messages on debt reduction as well as measures to stimulate growth are needed to reduce the spread between Italian and German 10-year bonds, Bank of Italy’s Director General Eugenio Gaiotti said on Tuesday.

According to the Bank of Italy an increase in long-term government bond yields of 100 basis points would cut economic growth by 0.1 percent after a year and by 0.7 percent after three.

Reporting by Giuseppe Fonte, writing by Stephen Jewkes

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below