The Italian economy will grow by close to 5% this year, the Bank of Italy said on Friday, raising a previous forecast due to the improving coronavirus situation and an upward revision to first quarter gross domestic product data.
The Bank of Canada said on Thursday that inflation could remain higher than projected if supply imbalances and pressures on capacity persist, which might lead it to reduce stimulus more quickly than currently expected.
The Bank of Israel held its benchmark interest rate at 0.1% for a ninth straight policy meeting on Monday, citing low but rising inflation and a rapid economic recovery following a quick COVID-19 vaccine rollout.
Norway has appointed Oeystein Boersum as deputy governor and executive board member of its central bank, with a dedicated mandate to supervise the world's largest sovereign wealth fund, the government said on Friday.
Chinese regulators on Tuesday stepped up efforts to finance the modernisation of farms and widen the range of collateral to back bank loans to the agricultural sector to include rights to the use of some communal land.