In the euro area the risks for financial stability are increasing because of the slackening of growth and the persistence of very low inflation. The growth prospects for the euro area are rendered more uncertain by the fragility of the world economic recovery, whose pace differs greatly among the main areas. The financial markets appear to be exposed to spikes in volatility.
In Italy, signs of improving revenues and profitability have emerged among the larger firms, but small firms remain more exposed to the risks arising from continuing economic stagnation and difficulties in accessing credit. The property market remains weak.
The results of the European Central Bank's comprehensive assessment of the balance sheets of the main euro-area banks showed capital shortfalls for Banca Monte dei Paschi di Siena and Banca Carige, but confirm the overall soundness of the Italian banking system.Financial Stability Report No. 2, November 2014
0.2% Italy Oct 14/Oct 13
0.4% Area Oct 14/Oct 13
-0.1% Italy Q3 2014/Q2 2014
+0.2% Area Q3 2014/Q2 2014
$ 1.2539 20 Nov 2014
¥ 148.25 20 Nov 2014
ECB interest rates
(Main refinancing operations)
|The Italian economy in brief||
Euro area growth indicator
The Bank of Italy shares its knowledge and experience with the central banks and financial authorities of the emerging countries, supplying staff training activities and technical consultancy.Further details
The 1893 Banking Law (Law 449 of 10 August 1893) created and set up the Bank of Italy. On its 120th anniversary, the TV channel Rai Storia (channel n. 54) has produced and broadcasted "Una giornata particolare - La Banca dell'Italia" ("A Special Day - The Central Bank of Italy") a documentary that retraces some of the events of its establishment, through the accounts of Bank of Italy's Deputy Governor Salvatore Rossi and of economist Marco Onado.Video (only in Italian)
This section is aimed at persons interested in developing their economic and financial knowledge and at those who, as savers and users of banking services, wish to enhance their financial culture.Click here
By making its art collection available on its website the Bank of Italy offers the general public the opportunity to view and admire the most important works in its possession.Click here
The Bank's geographical organization consists of 58 Branches located in the regional capitals and in some provincial capitals.
The Branches' activities relate to the State treasury service, banking and financial supervision, banknote circulation, payment system and economic analysis and statistical surveys at the local level.Go to the Branches