The official site of Italy's central bank

Operations on behalf of the Ministry for the Economy and Finance

The Bank of Italy performs some activities on behalf of the Ministry for the Economy and Finance, including the placement and service of public securities on the domestic market and acting as fiscal agent for securities issued on international markets.

On behalf of the Ministry for the Economy and Finance the Bank organizes and carries out activities concerning the placement and redemption of public securities and services the debt. It cooperates with the Ministry in establishing issue policy and prepares alternative plans for financing the borrowing requirement through the issue of securities.

Among the Bank’s tasks in this field are the daily calculation and periodic publication of the average weighted yield of a basket of BTPs with a residual life of more than one year (“Rendistato”).

For the purposes of the anti-usury law and with reference to the categories of transactions specified annually by the Ministry, the Bank collects the data needed for the calculation of average effective interest rates.