The loans granted by the Italian banks that have financed such companies are equal to 30 per cent of their consolidated capital. The average solvency ratio for the Italian banking system in June 2000 was 10.5 per cent, basically unchanged compared with twelve months earlier.
Many households responding to our recent CSCE indicated that the prices they were paying for goods and services were rising more than the officially reported inflation rate. 13 At the Bank, we want to better understand this difference between perceived and measured inflation and are working with Statistics Canada to assess the impact of these shifts in spending patterns on CPI inflation.