Economic activity in the euro area has lost momentum - The recovery in the euro area has faltered. Inflation has fallen to exceptionally low levels. In recent weeks global financial markets have been volatile again. The governing council of the ECB has lowered the official rates and launched a programme for the purchase of asset-backed securities and covered bonds; it has reaffirmed its intention to adopt additional measures if necessary.
Economic activity remains weak in Italy - After basically stabilizing in the second half of 2013, Italy's economy began to weaken again in the first half of this year, affected by the continuing fall in investment. Household consumption instead improved, albeit to a limited extent. One factor in the fall in inflation, which turned slightly negative in August and September, was the trend in the core components in response to the weakness of economic activity.
The recovery of domestic demand and the contribution of economic policy are vital - The prospects for economic activity and price stability depend on the recovery of domestic demand and of private and public investment. Monetary policy will remain expansionary for a long time to come. Fiscal policy can play a decisive role in improving macroeconomic conditions throughout the euro area by exploiting the room for manoeuvre of national policies and incisive action at EU level.Further details
-0.1% Italy Sep 14/Sep 13
0.3% Area Sep 14/Sep 13
-0.2% Italy Q2 2014/Q1 2014
0.0% Area Q2 2014/Q1 2014
$ 1.2659 24 Oct 2014
¥ 136.64 24 Oct 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