Antonio Fazio has been governor of the Banca d’Italia since May 1993, and is only the sixth governor since the war. That’s remarkable continuity in a country renowned for the short duration of its governments. Fazio is a force both for stability and consistency.
He is not one for endless policy statements or public appearances. He demonstrates his monetary policy priorities through firm and consistent signals, and his control over the banking sector through regulation and moral suasion.
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