ECB: Giorgetti says interest rate rise will lead to higher costs for households, businesses and the state

‘It is important to keep debt and market confidence under control’

(Il Sole 24 Ore Radiocor) - "The ECB’s recent rise in interest rates to combat inflation and rising prices actually translates into higher costs for those in debt – households and businesses – as well as for the state." So said the Minister for the Economy, Giancarlo Giorgetti, via video link at the UDC National Convention. “It is plain for all to see that, in my view, the problem cannot be tackled solely through economic policy measures.”

According to the minister, “at times like these, with interest rates rising, it becomes clear just how important it is to keep debt under control and to have the confidence of the markets and savers so that we can successfully place it”.

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