The Countercyclical Capital Buffer (CCyB) rate for the fourth quarter of 2022 remains unchanged at zero per cent

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.