ECB Executive Panetta: I don't take it for granted that we will stop at the neutral interest rate, and we cannot rule out the possibility of falling below it.
The European Central Bank's Governing Council member, Panetta, said that the European Central Bank clearly sees that the inflation outlook in the euro area has improved; the euro area economy has weakened significantly; we are still far from the neutral interest rate; I will not take it for granted that we will stop at the neutral rate, and cannot rule out the possibility of a lower rate.
The governor of the Bank of Italy, Fabio Panetta, said the central bank would publish guidelines "in the coming days" on how to apply the European Union's upcoming cryptocurrency rules. According to Panetta's speech to the Italian Banking Association, the guidelines will "aim to promote the effective application" of the European Union's Crypto Asset Market Regulation (MiCA) and "protect" the holders of some cryptocurrencies. The MiCA outlines two broad categories of tokens, Asset Reference Token...
ECB Executive Panetta: The Bank of Italy will issue a market notification in the coming days on how to implement the upcoming European Union crypto asset regulation "MICAR". "MICAR" defines both electronic money tokens (EMTs) and asset reference tokens (ARTs) as means of payment and exchange.