The official site of Italy's central bank

Interest rates

The Bank of Italy produces a number of financial publications as part of its role in public debt management. These include:
- daily production and monthly publication of the Rendistato index, giving the average yield on a basket of government securities, and of the Rendistato disaggregated by residual maturity. The Rendistato reflects the performance of the government securities market and is used by market participants for various financial indices and swaps;
- calculation and monthly production of the average gross yield on zero coupon bonds with residual maturity of less than 12 months;
- publication of the yield at issue on 12-month Treasury bills, which is applied in the case of contracts that do not indicate an interest rate or that contain clauses for the calculation of interest rates deemed null and void, pursuant to Article 117.7, Consolidation Act on Banking;
- calculation and publication of the gross six-monthly interest rates for CCTs, calculated on the basis of the gross six-monthly yield on six-month Treasury bills;
- calculation and publication of the six-monthly and annual interest rates for CCTEUs, calculated on the basis of six-month Euribor;
- calculation and publication of the gross six-monthly interest to be paid on the maturity dates of coupons of BTPs indexed to inflation in the Euro area, based on a minimum denomination of 1,000 Euros;
- publication of the prices and yields at issue of government securities, which are also used to check compliance with the regulations on transparency by banks allocating government securities to the public (Ministerial Decree of 12 February 2004). (Ref. Allocation/Allocation Results Section).