Visco Says July May Be Right Time for First ECB Hike

The video discusses inflation and the need for monetary policy adjustments, focusing on moving out of negative interest rates due to economic recovery and stable inflation expectations. It emphasizes gradual policy changes to avoid market uncertainty, considering geopolitical events like the Ukraine invasion. The video also highlights the importance of data-driven decisions, inflation expectations, and the challenges of forecasting in uncertain times.

What challenges does the Bank of Italy face regarding inflation expectations?

How does the situation in the United States differ from that of the euro area according to the text?

What were the reasons for the discrepancies between forecasts and actual economic numbers?