Italian Finance Minister Giancarlo Giorgetti said monetary-policy measures alone can’t tame inflation.
“Fighting inflation with monetary policy is not enough, and recession can’t be the price to pay for fighting inflation,” Giorgetti said Saturday at the Ambrosetti workshop in Cernobbio, Italy.Faced with the biggest cost-of-living crisis in a generation in the wake of Russia’s invasion of Ukraine, governments across Europe introduced a raft of measures to shield households and companies.
Source : Giorgetti: Central Banks Cannot Tackle Inflation Without Help