ECB criticises Italy's revised proposal on gold reserves, worries about central bank independence

Core Viewpoint - The European Central Bank has urged the Italian government to reconsider a proposed amendment regarding the ownership of the Bank of Italy's gold reserves, indicating that this change could threaten the central bank's independence [1] Group 1 - The proposed amendment states that the Bank of Italy's gold reserves would belong to the Italian people [1] - The European Central Bank warns that such a move could jeopardize the independence of the central bank [1]