ROMA, 15 feb (Reuters) - Un conjunto de indicadores experimentales creados a partir del contenido de millones de tuits refleja con precisión el estado de ánimo de los consumidores respecto a los precios, lo que ofrece la posibilidad de crear una nueva y potente herramienta de política monetaria, dijo el lunes el Banco de Italia.Este esfuerzo se produce en momentos en que los economistas y responsables de políticas monetarias de todo el mundo recurren cada vez más a las redes sociales y a otras fuentes no convencionales para medir el comportamiento de los consumidores, y mientras la inflación sigue desafiando los objetivos fijados por muchos de los principales bancos centrales.
Draghi’s government will prompt further rates decrease UniCredit says 50-yr now more appealing than 30-yr maturity (Adds bullets)
ROME, Feb 12 (Reuters) - With Mario Draghi set to become Italian prime minister, analysts see scope for Rome to issue an extra-long bond, cashing in on ultra-low interest rates and buoyant sentiment over the former European Central Bank chief taking office.
The Italian Treasury sees overall issuance in 2021 broadly in line with last year’s 551 billion euros ($668.2 billion). Funding needs rose in 2020 due to the economic impact of COVID-19, with sales of medium-to-long-dated bonds rising by 110 billion euros.
“With the ECB buying, curves flattening and the 2067 bond now quite old, I would have expected them to have already issued a 50-year BTP by now,” said a primary dealer who asked not to be named, adding that Draghi’s arrival was “a perfect opportunity”.
By Reuters Staff
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ROME, Feb 10 (Reuters) - Bank of Italy Governor Ignazio Visco on Wednesday called for a speedier judicial system in the country to help banks to manage problem loans.
“Delays in the civil judiciary continue to be the main obstacle in reducing non-performing loans (NPLs) in our country,” Visco told a parliamentary commission. “Progress on this front would allow speedier company restructuring procedures and, when possible, the recovery of credits.”
Visco added that the ECB’s calendar provisioning rules for problem loans would not be an issue if the length of civil proceedings were in line with those of the rest of Europe.
By Reuters Staff
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MILAN, Feb 6 (Reuters) - Italy’s central bank on Saturday called for cohesion in a country battling a government crisis, saying it was imperative to revive growth and reduce a public debt that the coronavirus pandemic has pushed to levels last seen after World War One.
Reporting by Valentina Za and Stefano Bernabei; Editing by Alison Williams