BIS SPEECHEScentral bank
Gold between continuity and change
Hawkish Score0Neutral
Trailing 2 speeches
Speaker DriftSergio Nicoletti Altimari · 2 speeches in 12motrend: shifting dovish
−100neutral band ±25+100
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Language essentially preserved across key themes of stability and innovation.
- 03No vote-record change.
From the original
Welcome remarks by Mr Sergio Nicoletti Altimari, Deputy Governor of the Bank of Italy, at the Global Precious Metals Conference, Sorrento, 5 October 2026.
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The desk views the Italian financial system as poised for stability and innovation, aligning with the insights presented by Sergio Nicoletti Altimari, Deputy Governor of the Bank of Italy. Per the full note [source], he emphasized the resilience of Italy's banking sector and the ongoing reforms aimed at enhancing competitiveness. This backdrop supports our bullish stance on the EUR/USD, particularly as the European Central Bank (ECB) continues to navigate a tightening cycle, which is expected to bolster the euro against the dollar.