Despite the weak performance of the world economy and the risks linked to inflation and geopolitical conflicts, international financial markets show confidence, driven by the prospects of less restrictive monetary policies. The Bank of Italy financial stability report
In the latest economic bulletin, Bank of Italy estimates inflation at 1,3% in 2024, loans to businesses intended for investments are decreasing, while in the private sector high profit margins absorb the recovery in wages
According to Via Nazionale, the service and construction sectors in particular improved in the first quarter, while sales abroad recovered. Second quarter seen further growth
According to the Bank of Italy's new macroeconomic projections, inflation will record a sharp decline in 2024 thanks to the fall in energy and intermediate product prices. Employment is good
As happened to many other central banks in the euro zone, in 2023 the Bank of Italy recorded a gross loss of 7 billion, but the risk fund absorbed the red and the year ended with a profit...
At the 30th Assiom-Forex congress, first official speech as governor of the Bank of Italy for Fabio Panetta. The governor focused his speech on the economy and the prospects of the international economy. Three conditions are necessary to resume a path of growth. And about…
According to Bank of Italy, after 24 months of consecutive increases and after reaching the highest level of the last 15 years in November, last December mortgage rates for families fell to 4,82% against 4,92 in the month...
According to a study by Bankitalia and Istat, the wealth of Italian families decreased in 2022, marking -1,7% in nominal terms and a strong -12,5% in real terms - Real estate is growing, financial assets are declining
According to the governor, the euro is "a collective defense clause" - "The euro area is vulnerable to shocks", he said and one of the problems is the lack of "a European banking union"
In 2022, the cost of managing a "traditional" bank account amounted to 104 euros - Online accounts are more advantageous: only 37 euros per year
Speaking to the ABI executive, the governor of the Bank of Italy admitted that "we are in a phase of cyclical slowdown". In 2023 growth at +0,6-0,7%. "Banks in a positive phase" but beware of the risks
The survey: for Italian industrial and service companies with at least 50 employees, assessments of the general economic situation and expectations on operating conditions remain overall unfavorable
Between 2010 and 2016 the median value of wealth fell to 150 thousand euros - Less well-off families rely only on the house, while for richer ones the portfolio is more diversified
Sales on the market increase, securitisations decrease after the end of the GACS era
Overall, GDP would increase by 0,7% in 2023, 0,6% in 2024 and 1,1% in 2025 and 2026 - Inflation will reduce significantly starting from 2024, remaining below 2% - Here are the macroeconomic projections…
The impression that can be drawn 30 years after the approval of the TUB is "that of a far-sighted legislator, who was able to define an adequate regulatory instrument", said Panetta
In his first official appearance as Governor at the 60th anniversary of Iccrea, Fabio Panetta underlines that interest rates are already at a level "sufficient to bring inflation back in line with the 2% objective" and "useless damage" must be avoided For…
Cash remains the preferred payment instrument for Italians. Yet over half of payments, by value, are electronic. The Bank of Italy survey and comparison with Europe
The formal and judgmental independence of bankers and the time dedicated to the task are under scrutiny. The indications are linked to the "fit and proper" rules
In the hearing on the 2024 Budget before the Budget commissions of the Chamber and Senate, the deputy head of the Economics and Statistics department of Bank of Italy underlines that the exclusion of BTPs from the ISEE calculation could alter portfolio choices
The labor market is holding up with employment rising especially in the Center and North, but in the South there remains an unused workforce. The report on the economy in the Italian regions by Bank of Italy
Thirty years in the Bank of Italy, a strong bond with the former Governors Fazio and Draghi, then the leap to the board of the ECB. Here's everything you need to know about Fabio Panetta, who succeeds Visco at the helm of Via Nazionale
Interest and capital appreciation refer to the minimum "denomination" of 1.000 euros
On Savings Day, applause for the governor of Bank of Italy Ignazio Visco who concludes his mandate. His recommendations are sent to two addresses: investors and the government
The Italian companies interviewed by Bankitalia report a significant deterioration in the economic situation. The IMF reduces Italy's GDP to 0,7% in both 2023 and 2024, more pessimistic than the Mef. The Fund instead provides better news for inflation and…
During a hearing on Nadef Bankitalia, amidst uncertainty and high risks, he paints a problematic scenario for economic activity and calls for maximum prudence in budget policy otherwise "the uncertainties could worsen"
To see a "sharp" slowdown in prices, we will have to wait for 2024: consumer inflation would reach 6% this year, fall to 2,3% in 2024 and 2% in 2025
"In the second quarter, the judgments of companies on the general economic situation remain unfavorable overall", reads the Bank of Italy survey. Inflation at 5,8% in 12 months, selling prices on the rise
The Report on the activity carried out by the Financial Banking Arbitrator (ABF) in 2022 has been published. 17 million euros already returned to customers. Appeals are decreasing but those on the fraudulent use of payment services and instruments are increasing
According to Via Nazionale, GDP for 2023 should rise by 1,3% against the +0,6% estimated in January. While he estimates inflation at 6,1% this year, 2,3% next and 2% in 2025
Room packed at the Bank of Italy for Visco's latest considerations, former President Mario Draghi also present - Here are the comments from Padoan, Messina, Scannapieco, Patuelli, Marcegaglia, Landini and Sbarra
The president of the Banking Association points the finger at both the contents of the ECB's monetary policy and the way it is communicated. With some regrets for the past times of the Bank of Italy
In a global context of uncertainty, the risks to financial stability remain high, however banks, households and businesses are now more solid than in past episodes of turbulence. The Bank of Italy Financial Stability Report
The intervention of the general director Luigi Signorini: "Environment and debt: postponing may seem an easier choice today, but it aggravates tomorrow's problems. Draconian measures are not needed immediately but to chart a course clearly".
After two months of decline, industrial production returns to growth - For Italian banks, the impact of Svb and Credit Suisse in Italy is limited. The economic bulletin of Via Nazionale
After 12 years at the top of the Institute, Visco leaves. The 2022 Budget closes with a profit of 2,1 billion. In 2023 and 2024 the Bank will have to deal with negative gross results due to the rate hike
From 8 May Intesa Sanpaolo archives bank checks and eliminates additional commissions on instant transfers. Bank of Italy: block of paper used in less than 1% of payments
And on the challenges for Italian fiscal policy, Nicoletti Altimari of Bank of Italy said: “The spread is unacceptably high. Italy reduce debt and exploit PNRR opportunities”
How did the European financial system react to this kind of external shock? The review of "The European financial system in the post-Covid perspective" by Francesco Cesarini and Elena Beccalli
The 2022 balance sheet is positive, but the slowdown in the labor market at the end of the year is confirmed. Household wealth has fallen in real terms due to inflation. The analysis by Bank of Italy, the Ministry of Labor and Anpal
According to the Governor of the Bank of Italy, Ignazio Visco, Italy is able to manage the effects of the monetary restriction, but the ECB must evaluate the intensity and timing of the tightening to avoid the two risks that endanger the economies
Inflation will not return to 2% until 2025, meanwhile the Italian economy will return to stagnation with reduced growth and if Moscow turns off the taps with the risk of recession
According to the survey conducted by Bank of Italy between November and December, companies' expectations on the economy improve, but they estimate record levels of inflation for another year
According to a study by Bank of Italy, with double authentication, the risks in payments drop by 60% in the case of cards and by 80% in the case of electronic money
In his last year of office, Governor Visco presents the strategic plan to 2025 of the Bank of Italy which arrives in a phase "that promises not to be easy".
A slowdown compared to 25 billion in 2020. The decrease is linked to lower sales on the market (from 20 to 14 billion) and reflects the reduction over time in the amount of these loans in banks' balance sheets
In the capital, Metro C has caused the opposite effect of what normally happens on the real estate market, especially on already expensive houses. The Bank of Italy study explains why
Bankitalia rejects the measures on cash and on the Pos and on the flat tax: "it increases the discrepancies between employees and the self-employed". Istat on basic income: "The cut will affect 1 out of 5"
In the latest report on financial stability, the Bank of Italy warns of the risks that are slowing down the economy, but reassures: households, businesses and banks are more solid than in the past
The high energy price, inflation and the effects of the war in Ukraine weigh and hold back economic activity in every division: the most penalized sectors are those with high energy intensity. The gap between North and South remains wide. The ratio of…
In his first official speech as Economy Minister, Giorgetti promised maximum commitment to protect families and businesses. Visco: "Margins for more limited aid to families"
According to Bank of Italy, high temperatures will have negative effects on the Italian economy, especially on agriculture and tourism. But they also harm the performance of younger students
According to the survey conducted by Bank of Italy between August and September, for a third of companies the difficulties associated with the cost of energy are increasing. inflation rises, but employment continues to rise. Stronger banks
35 new jobs were created between July and August, against 80 in the previous two months and 100 in the March-April period - Negative balance in the South
The Bank of Italy's 2022 Environmental Report also contains a series of methodological notes that aim to suggest a high-level standard for the environmental indicators to be adopted
The signatories undertake to promote a work environment based on respect and dignity, ensuring the absence of any type of discrimination
According to the Via Nazionale survey, in 2020 the richest 7% of Italian families had 50% of the assets, while the least wealthy 50% owned only 8%
Signorini, CEO of Bank of Italy and president of Ivass: “The transition requires higher prices for fossil fuels. We need income support and incentives for renewables”
Furthermore, according to Via Nazionale, the Irpef reform and the single check will reduce inequalities and poverty, while the incentives to work and earn more will increase
The governor of Bank of Italy does not hide the uncertainty weighing on the economy but also underlines the opportunities we face. Here is an analysis of his most important proposals
In the final remarks, the governor makes three suggestions to Brussels, hopes for an "orderly normalization" by the ECB and asks for "prudence" from Italian banks
Bankitalia has published the data for the first months of the year. The job market has continued to grow. However, industry and construction are slowing down. The impact of the increase in oil and gas prices is contained
The Bank of Italy keeps an eye on the evolution of the economic and financial situation also for the purposes of the bank dividend policy: General Manager Signorini recommends "a lot of prudence" even if he excludes generalized measures for now
Bank of Italy and Consob revised the 2012 agreement on the exchange of information on banks that make public offers of debt securities
According to a recent study by Bank of Italy, business failures in our country in 2020 and 2021 were fewer than before Covid - This is the effect of the robust supports adopted by governments, which have made it possible to…
The latest issue of the OAM quarterly newsletter is out - A guide to the activity of financial agents and credit brokers
According to DG Signorini, who spoke at the Credit Day, "the Italian banking system has withstood the impact of the pandemic well overall"
Speaking on Savings Day, the Governor of Bank of Italy issues a warning in view of the Maneuver: "The debt cannot be used to cover current expenses" - According to Visco, an EU fund is needed to absorb national debts post…
The deputy general manager of the Bank of Italy underlines the need to intervene on the wage gap, welfare measures and access to training to ensure women have the same rights as men
The most significant surges concern reports on loans (+70%) and those on debit cards, credit cards and wire transfers (+59%)
According to Via Nazionale, state guarantees and regulatory flexibility effectively supported business credit during the most difficult months of the pandemic
The share of Italians who expect conditions to worsen in the coming year drops by 8%, to 38% - But still many households have a lower income than pre-pandemic levels
Via Nazionale expects a strong boost from investments, but also warns that the pandemic is still a source of great uncertainty - Growth will only return to pre-pandemic levels in the second half of 2022
Only the shareholders who had accepted the settlement agreement proposed by Popolare di Bari were excluded. This was decided by the Court of Bari in the last hearing in the trial against the former heads of the institute. He will return to court next September
With the publication of the "Charter of Sustainable Investments", the Bank of Italy definitively integrates ESG criteria into its strategies for selecting investments, also assuming a series of commitments
Via Nazionale has signed a collaboration agreement with the National Council of Notaries to promote initiatives in support of women in conditions of economic fragility
Via Nazionale raises GDP estimates for 2021 and 2022 - Growth will be driven by investments triggered by European funds and the Pnrr - Employment at pre-Covid levels by 2023, inflation around 1,3% over the three-year period
To move on after the pandemic and after twenty years of season or recession, Italy - warns Governor Visco - must be able to make the best use of the resources of the Recovery and demonstrate to the whole of Europe that the trust placed in our country…
The Final Remarks of the Governor of the Bank of Italy are the occasion for an initial assessment of the Draghi Government and for an examination of the economic prospects, the fight against the pandemic and the state of health of Italian banks
Via Nazionale approves the estimate of +4,1% GDP growth expected by the Def but we need to push for vaccinations and the Recovery Plan. It is important to support the liquidity of companies (even healthy ones)
On a proposal from Governor Visco, the Superior Council of the Bank of Italy has given the green light to the new General Manager: Luigi Federico Signorini takes the place of Daniele Franco, who has become Minister of the Economy - Signorini will also be the President…
The Tips service created by Bank of Italy that allows you to make instant payments got off to a slow start, but membership has been growing since 2020 - In cooperation with the ECB, via Nazionale is experimenting with the potential of Tips as a possible…
According to Bankitalia, smart working has had positive effects on the workers and companies in the private sector of those who could carry it out: monthly wages have increased by an average of 6% and recourse to layoffs has decreased. Instead, the effect…
According to a study by Bank of Italy, despite the economic crisis triggered by Covid, the number of SMEs that can be listed is still very high, which suggests a robust recovery in 2021
In a parliamentary hearing, the head of Via Nazionale for the Fisco said that "further reductions in the levy on labor could be financed through a greater tax burden on consumption and wealth": therefore more VAT and more Imu -…
Via Nazionale clarifies some misunderstandings: overruns to pay utilities and salaries will be possible (like today) at the discretion of individual banks and a 100 euro red will not be enough to go into default
In a parliamentary hearing, the Bank of Italy also explains that a less favorable economic trend than expected and any delays on the Recovery Fund "would have significant effects on the coverage" of the maneuver, which is currently worth 2 GDP points a year in 2021-2022
Via Nazionale warns: "A simultaneous interruption of the Cig-Covid and the block on layoffs should be evaluated with extreme caution, in order to avoid possible sudden falls"
The Governor of Bank of Italy has announced a "significant impact" of Covid on pension systems, with higher retirement rates and lower contributed revenues - Only growth will be able to avoid long-term imbalances, but we need to focus on young people and…
On Acre Savings Day, the Governor warns: "Rules are also needed for the non-banking sector" - Gualtieri: "In the coming months, the challenge will be managing the increase in NPLs" - Patuanelli: "Those who can afford it must return to distributing dividends"
According to a survey on bank lending conducted by Bank of Italy, banks have tightened the supply policies applied to household mortgages, parallel requests are increasing - More convenient terms and conditions for business loans
According to Via Nazionale, the rebound in the third quarter (+30%) brought production back to levels prior to the start of the pandemic - But Visco warns: "Now we expect stop an go" and for the whole economy to return to pre-levels -Covid will take…
The availability of greater economic resources does not automatically lead to more growth: only by using them well can the desired results be reaped
The governor of Bank of Italy spoke to the Esof in Trieste. "GDP has jumped back 30 years. And it's not just Covid's fault"
According to Bankitalia, after the record reduction in the first half, GDP could expand again in the second, especially with effective use of EU instruments
According to a study by the Bank of Italy, more than a third of individuals have enough liquidity for less than 3 months to cover essential family consumption expenses in the absence of other income
Conte's idea of cutting VAT to try to revive consumption is only liked by the Five Stars and the Lega- Gualtieri is holding back - Bankitalia and Confindustria reject it - Pd and Italia Viva do not appreciate
According to Bank of Italy, insolvencies "could even exceed those of the two-year period 2012-2013, when they approached 10%" - The consequences will be "significant" for public coffers and for companies, which will not be able to invest - But Via Nazionale also suggests a …
In hearing before the Banking Commission, Paolo Angelini and Giorgio Gobbi announce the consequences of the coronavirus pandemic - "Between March and July, companies will need 50 billion in liquidity"
In the memorandum sent to Parliament on the Cura Italia decree, the Bank of Italy warns that, given the different way of working induced by the Coronavirus, the country also needs a qualitative leap in optical fiber
