Summary
The Countercyclical Capital Buffer (CCyB) rate for the fourth quarter of 2022 remains unchanged at zero per cent.
In the second quarter of 2022, the credit-to-GDP ratio decreased. The deviation from the long-term trend of the total credit-to-GDP ratio was negative by about 9 percentage points, if calculated based on the model developed by the Bank of Italy. The bank credit-to-GDP ratio provides similar indications.
The other indicators suggest that the macrofinancial conditions of the Italian economy were substantially unchanged. The increase in bank loans to households continued, accompanied by a more modest increase in credit to non-financial companies. The NPL ratio remained stable, at historically low levels, for both households and firms; the unemployment rate continued to fall; real property prices rose slightly.