MILAN (Reuters) - The Bank of Italy’s liabilities towards other euro zone central banks rose in December, after falling sharply the previous month, data showed on Thursday.
Italy’s so-called Target 2 debt grew to 439.45 billion euros ($487.92 billion), compared with 406.28 billion euros in November, the Bank of Italy said.
A country’s Target 2 position is monitored as a sign of financial stress and imbalances within the euro zone. Target 2 debt could rise, for example, due to capital outflows.
Italy’s Target 2 debt hit an all-time record in August 2018, reaching 492.53 billion euros.
($1 = 0.9007 euros)
Alessia Pe, editing by Valentina Za