(ANSA) - ROME, JUN 9 - Current account balances in Italy fell
by more than 50 billion euros to 2.015 billion euros between
December 2022 and March 2023 as a result of the rising cost of
borrowing and galloping inflation, the Autonomous Federation of
Italian Banks (Fabi) said on Friday.
From December 2021 to March 2023 balances fell by over 61
billion euros.
The cost of living crisis has not only reversed the trend of
household savings but also started to erode the reserves
accumulated by the production system, according to the study.
(ANSA).
Current account balances fall by 50 bn from Dec to March
Drop due to interest rate hikes and galloping inflation - Fabi