European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
Fabio Panetta, governor of the Bank of Italy, during a news conference in Florence, Italy, on Thursday, Oct. 30, 2025. The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the economy continuing to grow. Photographer: Alessia Pierdomenico/Bloomberg
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
Fabio Panetta, governor of the Bank of Italy, during a news conference in Florence, Italy, on Thursday, Oct. 30, 2025. The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the economy continuing to grow. Photographer: Alessia Pierdomenico/Bloomberg
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