Compared with the September 2020 ECB staff macroeconomic projections, the outlook for inflation has been revised down for 2020 and 2022. Turning to the monetary analysis, the annual growth of broad money (M3) remained broadly 3/4  BIS central bankers' speeches  unchanged at 10.5 per cent in October 2020.
Banca d’Italia is actively promoting research on the topic of ‘smart contracts’ including their implications on cyber-security. A Memorandum of Understanding was recently signed with Roma Tre University and Università Cattolica del Sacro Cuore. This is just one of many possible examples of the ferment around new technologies in finance.