Bank of Italy raises 2017 growth (2)

(ANSA) - Rome, July 14 - The Bank of Italy on Friday raised its 2017 growth forecast by 0.5%, to 1.4% from 0.9% in January, citing a boost in consumer spending and investments. The central bank also raised next year's forecast, to 1.3%. The Bank of Italy said the forecasts had been made in light of the European central Bank continuing its current expansionary policies.