Central Banks
Meloni Slams ECB Rate Hiking in Widening Political Backlash
- Premier’s first speech to lawmakers attacks central bank
- Remarks follow less pointed comments by Macron, Marin
Giorgia Meloni during her first address to parliament in Rome, on Oct. 25.
Photographer: Andreas Solaro/AFP/Getty Images
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Italian Prime Minister Giorgia Meloni used her first speech to lawmakers to criticize the European Central Bank’s interest-rate hikes, adding a sharper tone to recent political carping in the euro zone about tighter monetary policy.
The decision to raise borrowing costs “is considered by many to be a rash choice, which runs the risk of impacting banking credit to families and businesses,” the new premier said on Tuesday in Rome.