The Bank of Italy’s supervisory activities, which it carries out in tandem with its branches, aim to strengthen intermediaries’ organizational and corporate governance arrangements and internal risk-control systems; the Bank also 7  intervenes in cases of difficulty, requiring financial and balance-sheet restructuring and other strategic and organizational changes.
With inflation running well above our 2 percent longer-run goal, restoring price stability likely will require ongoing rate hikes and then keeping policy restrictive for some time until we are confident that inflation is firmly on the path toward our 2 percent goal.