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liberalizzato translated to English

Malgrado il governo abbia recentemente tentato di riportare i capitali nel settore bancario ufficiale eliminando il lower bound del tasso di prestito, serve una riforma sostanziale – che però si farà attendere fino a quando il tasso di interesse sui depositi non sarà pienamente liberalizzato e il settore finanziario non sarà aperto alle banche private.
Although the government recently attempted to attract capital back to the official banking sector by eliminating the lending rate’s lower bound, more substantial reform is needed – and that will likely have to wait until the interest rate on deposits is fully liberalized and the financial sector is open to private banks.

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