Central Bank role 'crucial' for stability, Visco says

Confidence a must for banking activities

Central Bank role 'crucial' for stability, Visco says

Rome, March 8 - Central banks "have a crucial role" to play in terms of monetary and financial stability, Italian Central Bank Governor Ignazio Visco said on Friday. Visco made a reference to the works of deceased Italian economist Curzio Giannini, who said central banks "do not have to go and search of for new activity to carry out" as they already produce "an essential good, which is that of confidence". The Bank of Italy governor was speaking in Rome at a conference in the cultural institute Academia dei Lincei.

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