All central banks

Europe

Bank of Italy

Too few recent speeches for a current tone.
Speeches
9
First speech
Jan 25, 1997
Latest speech
Nov 12, 1998
Tone vs coming rate moves
Not tested
too few speeches or no published rate

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.
DateSpeechTone
Nov 12, 1998

Pierluigi Ciocca

−0.08
Apr 9, 1998

Dott. Vincenzo Desario

+0.06
Feb 12, 1998

Antonio Fazio

+0.04
Jan 24, 1998

Antonio Fazio

−0.13
Nov 20, 1997

Antonio Fazio

+0.03
Apr 7, 1997

Tommaso Padoa-Schioppa

+0.01
Mar 17, 1997

Dott. Vincenzo Desario

+0.06
Feb 25, 1997

Antonio Fazio

−0.15
Jan 25, 1997

Antonio Fazio

−0.03
Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.