The benchmark interest rate in Italy was last recorded at 4.50 percent. This dataset provides - Italy Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage interest rates in Italy decreased substantially between 2013 and 2021 before rising in the following years. The second quarter of 2024, the mortgage interest rates amounted to 3.55 percent - lower than the rate in the same period in the previous year. A slowly recovering market Despite not reaching the pre-crisis levels, an increase in the number of transactions in the residential real estate market as well as the volume of mortgages stipulated for house purchase indicate a positive trend for the sector in Italy. Homeownership in Italy reached 73.7 percent in 2021, one of the highest rates in Western Europe. Low interest rates, especially when compared to other European countries, and decreasing house prices led to a renewed interest in the real estate market in Italy. Milan, an attractive destination for investments In recent years, more than in the past, thanks to its role as a capital of business and finance as well as an innovation hub, Milan was able to attract human capital and investments, both domestic and foreign. This ability to grow and innovate was also reflected in the real estate market, which was the most dynamic in the country. Transactions in residential real estate in Milan increased steadily since 2012, except for 2020, and so did prices: some areas of the city are among the most expensive in the country to buy a property.

The mortgage interest rate for mortgages with initial fixed period rates up to one year in Italy decreased overall between 2016 and 2021, followed by a spike in 2022. In the second quarter of 2024, the rate stood at 4.54 percent, up from 4.47 percent the year before. In the same period, the gross residential mortgage lending in Italy amounted to around approximately 15 billion euros.

Graph and download economic data for Interest Rates, Government Securities, Government Bonds for Italy (INTGSBITM193N) from Jan 1980 to Feb 2025 about Italy, bonds, securities, government, interest rate, interest, and rate.

Forecast: Bank Lending Interest Rate in Italy 2024 - 2028 Discover more data with ReportLinker!

During the past years, the interest rate on consumer credit in Italy increased a lot, reaching 8.97 percent in May 2024. The interest rate hike of the past years has started to reverse, with the interest rates of consumer loans decreasing in the second half of 2024.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Italy (IR3TIB01ITM156N) from Oct 1978 to Jan 2025 about interbank, Italy, 3-month, yield, interest rate, interest, and rate.

As of the last quarter of 2022, the value of the short-term interest rate on government bonds in Italy amounted to 1.8 percent. After increasing throughout 2010 and 2011, the short-term interest rate on Italian government bonds started decreasing, reaching the lowest value in the last quarter of 2021, at -0.57 percent.

The annual average lending interest rate in Italy increased again in 2022. That came after several years in a row of falling interest rates. The annual lending interest rate reached a value of 2.03 percent as of 2021. The largest value for annual lending interest rate for Italy was found in 2001, when an it reached 7.29 percent.

Italy IT: Lending Interest Rate data was reported at 3.001 % pa in 2017. This records a decrease from the previous number of 3.496 % pa for 2016. Italy IT: Lending Interest Rate data is updated yearly, averaging 6.340 % pa from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 16.524 % pa in 1992 and a record low of 3.001 % pa in 2017. Italy IT: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

The mortgage interest rate for all maturities beyond ten years of the initial fixed period in Italy decreased overall between 2016 and 2021, followed by an increase in 2022. As of the second quarter of 2024, the average mortgage rate was 3.44 percent. As of December 2019, interest rates were the highest in Sardinia and the lowest in Lombardy.

The interest rate on loans to non-financial corporations in Italy fell slightly in the second half of 2024 and beginning of 2025. By January 2025, business loans in the south European country had on average an interest rate of 4.56 percent. The interest rate amounted to 1.62 percent, its lowest point, in December 2021.

The annual average interest rate on new residential loans in Italy rose to 4.42 in 2023 - the highest rate recorded since 2009. In contrast, the lowest interest rate was observed in 2020, when it stood at 1.25 percent.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Italy (IRLTLT01ITM156N) from Mar 1991 to Feb 2025 about Italy, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

The interest rate on loans to households in Italy increased a lot between 2022 and 2024. Those rates grew from 2.68 percent in June 2022 to nearly 4.3 percent in that same month of 2024. Before 2022, interest rates had been falling for several years.

Between 2001 and 2022, the average daily turnover of over-the-counter (OTC) derivatives traded in Italy fluctuated considerably, peaking in 2004. The turnover of derivatives in 2004 amounted to a total value of about 38 billion U.S. dollars, while the turnover of derivatives in 2019 only amounted to 11.5 billion U.S. dollars, the market is experiencing upward growth as the total value climbs to roughly 21.4 billion U.S. dollars in 2022. The most commonly traded interest rate instruments were interest rate swaps, which are forward contracts wherein future interest payment streams are exchanged based on a definite principal amount.

Italy DI: HH: HP: CT: Other: Non-Interest Rate Charges data was reported at 0.000 Index in Oct 2018. This stayed constant from the previous number of 0.000 Index for Jul 2018. Italy DI: HH: HP: CT: Other: Non-Interest Rate Charges data is updated quarterly, averaging 0.000 Index from Jan 2003 (Median) to Oct 2018, with 64 observations. The data reached an all-time high of 0.071 Index in Jul 2005 and a record low of -0.083 Index in Jul 2007. Italy DI: HH: HP: CT: Other: Non-Interest Rate Charges data remains active status in CEIC and is reported by Bank of Italy. The data is categorized under Global Database’s Italy – Table IT.KB015: Bank Lending Survey.

Italy 10Y Bond Yield was 3.88 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. Italy 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

This timeline displays the monthly interest rate applied by Italian banks to families for house purchasing loans in Italy from January 2018 to June 2020. According to the data, over the period of consideration, the interest rate on housing loans to households fluctuated between one and two percent. As of June 2020, it registered a value of 1.27 percent, a decrease compared to the previous months.

As of the fourth quarter of 2022, long-term interest rates on government bonds in Italy reached 4.35 percent, one of the highest levels in the last decade. Long-term interest rates on Italian government bonds peaked in the last quarter of 2011, when they reached 6.6 percent.