On 13 February, Daniele Franco took on the role of Minister of Economy and Finance: we wish him well at his new job and thank him for the important work he has done for the Bank of Italy. Luigi Federico Signorini was appointed to replace him as Senior Deputy Governor.
The war in Ukraine has also caused GDP growth to fall compared with what had been expected based on the boost given by the NGEU programme, conceived precisely as Europe’s response to the effects of the pandemic crisis.