Italy Interest Rate

The benchmark interest rate in Italy was last recorded at 0.25 percent. . Italy is a member of the European Union which has adopted the euro. Italy's benchmark interest rate is set by the European Central Bank. This page provides - Italy Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.25 0.25 4.75 0.25 0.25 | 2014/06 1998 - 2014 Percent Monthly

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Italy Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 0.25 2014-04-03 0.25 4.75 0.25 0.25 2014-06-30 Percent [+]
Foreign Exchange Reserves 110740.00 2014-03-31 112452.00 147910.00 39776.80 110314.43 2014-04-30 EUR Million [+]
Interbank Rate 0.33 2014-04-15 0.31 20.51 0.18 0.25 2014-05-31 Percent [+]
Loans to Private Sector 2310582.33 2014-02-28 2309.18 2310582.33 798.82 4618909.74 2014-03-31 EUR Million [+]
Money Supply M1 791628.00 2014-02-28 789970.00 810022.00 65564.00 801665.47 2014-03-31 EUR Million [+]
Money Supply M2 1268736.00 2014-02-28 1265774.00 1282381.00 132635.00 1281936.54 2014-03-31 EUR Million [+]
Money Supply M3 1307847.00 2014-02-28 1307672.00 1396639.00 132635.00 1313216.74 2014-03-31 EUR Million [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Italy Inflation Rate Confirmed at 0.4% in March  
Italian consumer prices slowed to 0.4 percent year-on-year in March of 2014, the lowest rate since October of 2009 and matching the initial estimates. On a monthly basis, the inflation rate accelerated to 0.1 percent, up from a 0.1 percent fall in February.
Italy Unemployment Rate Edges Up in February  
Italian seasonally adjusted jobless rate increased for the second consecutive month in February of 2014 to a new fresh high of 13.0 percent, up from 12.9 percent in the previous month, and 11.5 percent a year earlier. It is the highest level since records began.
Italy Inflation Rate Down to 4-1/2-Year Low  
In March of 2014, annual consumer prices are expected to slow to 0.4 percent, down from 0.5 percent in the previous month and reaching the lowest rate since October of 2009. The slowdown was mainly due to a fall in prices of energy products and unprocessed food.
Italy Posts Trade Surplus in January  
Italy’s trade balance turned into a € 365 million surplus in January of 2014 compared with a € 1810 million deficit in the same period last year, as imports fell and exports rose slightly. Compared with the previous month, the trade surplus narrowed 89 percent.
Italy Inflation Confirmed at 0.5% in February  
Italian inflation rate rose at its lowest pace in four years of 0.5 percent in February of 2014, confirming the preliminary estimates. The slowdown was mainly due to volatile components, such as unprocessed food and energy.
Italian GDP Growth Confirmed in Q4  
Italian economy returned to growth in the last three months of 2013. Final estimates confirmed the GDP advanced 0.1 percent on a quarter-on-quarter basis, driven by exports and a marginal recovery in investments.
Italy’s Unemployment Rate Up to New Record High  
In January of 2014, Italian jobless rate rose to a new record high of 12.9 percent, up from 12.7 percent in the last month of 2013. The January rate is the highest since the data series began in 1977.
Italian Inflation Falls to 4-Year-Low of 0.5% in February  
In February, Italy's consumer price index rose by 0.5 percent with respect to February of 2013, its slowest pace since October of 2009. The slowdown was mainly driven by lower prices of energy and fresh food.
Italy’s Inflation Confirmed at 0.7% in January  
In January of 2014, the Italian consumer price index rose by 0.2 percent compared with the previous month and by 0.7 percent with respect to January of 2013, the same annual rate of December. Final data confirms the provisional estimates.
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The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
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Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
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