Italy’s Prime Minister Meloni confirmed yesterday’s reports that Fabio Panetta will replace Ignazio Visco as the governor of the Bank of Italy. She also expressed concerns about additional rate hikes from the ECB.
Italy’s June CPI 0.0% m/m (expected 0.1%; last 0.3%); 6.4% yr/yr (expected 6.8%; last 7.6%).
May PPI -2.3% m/m (expected -6.2%; last -4.8%); -4.3% yr/yr (expected -9.4%; last -1.5%).
April Industrial Sales -1.8% m/m (expected 0.0%; last -0.4%); -1.8% yr/yr (expected 11.3%; last 4.2%)