Italian Prime Minister Giorgia Meloni softened her tone on plans to impose a windfall tax on banks and on her right-wing administration’s activism in the corporate arena, after a series of recent moves called into question her business-friendly approach.

Rome has no intention to tax banks’ “legitimate profits,” the premier said in an interview with Il Sole 24 Ore, just weeks after she roiled markets with a surprise announcement of a new levy on lenders.