In the medium-term, according to our new central projection, year-on-year inflation will continue to move within the target tolerance band of 3.0±1.5% until the end of the projection horizon, that is in the following two years, which will also be supported by the gradual recovery of domestic demand.
DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries)  NINETY-SEVENTH MEETING WASHINGTON, D.C. – APRIL 21, 2018  DC/S/2018-0022 April 21, 2018  Statement by Ignazio Visco Governor of the Bank of Italy Constituency of Albania, Greece, Italy, Malta, Portugal, San Marino and Timor-Leste  Statement by Ignazio Visco Governor of the Bank of Italy Constituency of Albania, Greece, Italy, Malta, Portugal, San Marino and Timor-Leste 97th Meeting of the Development Committee April 21, 2018 Washington, D.C.  Introduction The global economy is enjoying a moment of robust, synchronized growth.