English to Italian Bus/Financial Finance (general)

The Bank would like to avoid moving into double-digit policy rates and would hate to see the same for bond rates. The environment is as safe as it could be for bold cuts due to the extraordinary sluggishness of the economy. And if this creates some depreciation impact on the exchange rate, it may even be better as the expected deprecation component of nominal rates will naturally be reduced with depreciation virtually taking place.

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