Immediately after the approval of the economic maneuver, the spectrum of the spread returns, to the highest levels in the last year
The spread between the BTP and the German Bund increases: the differential touches the threshold of 130 points against the 121 of the start-up, reaching the maximum since July 2020.
In the month of October, prices rise in Italy due to theinflation, with an extent that Istat had not recorded since September 2012: + 2.9% on an annual basis.
It is even worse in the euro area. The first consequence is precisely the increase in the differential between German BTPs and Bunds, which is affected by the uncertainty about the moves of the ECB, which on Thursday specified that inflation will probably fall only in 2022, as well as the slowdown in growth in Germany.
Lithuania, with a rate of 8.2%, and Estonia, at 7.4%, lead the ranking of member countries in the annual inflation rate in Euroland. Portugal (1.8%) and Malta (1.4%) are instead those with the lowest rates. Both in Germany (+ 4.6% on an annual basis) and in France (+ 3.2%), prices rise even more than in Italy.
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