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Bank of Italy, in May mortgage rate still at 2.5%

Posted: 12 July 2017

Interest rates on mortagers for households, including incidental expenses, in May were 2.5%, basically stable compared to 2.49% in the previous month.

According to Bankitalia interest rates on new loans to non-financial corporations amounted to 1.60% (1.52 in April).

Interest rates on new loans of up to €1 million were 2.13%, and those on new loans above this threshold were 1.14%.

Passive rates on the total of outstanding deposits remained stable at 0.40%.