Italy's public debt surged to a new record high in June, surpassing €3.2 trillion, according to the Bank of Italy. This marks a significant increase of €26.2 billion compared to the previous month, highlighting the nation's growing financial liabilities.
The Bank of Italy projects that Italian inflation will reach 3.1% by 2026, driven by increasing price expectations and the impact of the war in Iran on energy costs.
The Bank of Italy reported that the average interest rate on new mortgages in the country approached 4% in May. This indicates a continued upward trend in borrowing costs for homebuyers.
Ignazio Visco, Governor of the Bank of Italy, urged Europeans to 'wake up' and proposed three strategies to revitalize the European Union: deeper integration, moving beyond national markets, and adopting a digital euro.
The Bank of Italy announced that over 60% of Italy's net wealth is owned by just 10% of its families. The central bank also reported that Italy's net wealth per household increased slightly to €453,000 in late 2025 from €431,000 at the end of 2024.
The Bank of Italy is reportedly engaging in discussions with artificial intelligence companies to address potential security risks that AI technologies pose to the banking sector.
Italy's national debt increased to €3.1588 trillion in March, as reported by the Bank of Italy. This figure marks a significant rise in the country's public debt.
Signals of discomfort and accusations are emerging from the Italian center-right government towards independent technical and control bodies, including Istat, the Bank of Italy, and the Court of Auditors.
The Bank of Italy has updated its economic forecasts, warning of stagnation followed by recession if the ongoing war persists. In its baseline scenario, GDP growth is projected to slow to 0.5% in 2026 and 2027, with inflation potentially soaring to 4.5% if gas and oil price increases are sustained.
Hackers have infiltrated the electronic systems of Florence's Uffizi museums, stealing security codes for alarms and entrances, and are now demanding a ransom to prevent the release of the data.
The Bank of Italy anticipates a return to profit in 2025, projecting 3 billion euros in gross earnings and allocating 1.2 billion euros to the state budget, alongside a 340 million euro dividend distribution.
The Bank of Italy has called on banks and Poste Italiane to actively promote basic bank accounts, which are free for low-income individuals, noting their underutilization in Italy compared to other countries.
The Bank of Italy reports a slowdown in consumption for the second quarter of 2026, attributing it to high uncertainty regarding the restoration of flows through the Strait of Hormuz, which impacts global trade and growth.
Bank of Italy's Fabio Panetta cautioned the European Central Bank against embarking on a series of aggressive interest rate hikes similar to those seen in 2022.
The Bank of Italy announced that Italy's public debt decreased to €3.1553 trillion in April, marking a €2.9 billion reduction from March, partly due to a drop in the Treasury's liquid assets.
The Bank of Italy stated that the National Recovery and Resilience Plan (PNRR) has led to more efficient spending procedures and improved timelines for project completion, following a transfer of approximately 166 billion euros to Italy.
The Bank of Italy is reportedly in discussions with artificial intelligence firms to address and mitigate potential security risks that AI technologies could pose to the banking sector.
A study conducted by researchers from Enea and the Bank of Italy indicates that remote work could lead to a significant 75% reduction in CO2 emissions.
The Bank of Italy has issued a statement emphasizing that any interventions regarding energy policy must be both targeted and brief. This guidance aims to ensure efficiency and minimize long-term economic impact.
Italy's national debt increased to €3.14 trillion in February, as reported by the Bank of Italy. This figure marks a significant rise in the country's financial obligations.
A cyberattack on the Uffizi Gallery reportedly prompted the precautionary transfer of Medici treasury jewels to the Bank of Italy, though the museum downplayed the attack's severity.
Bank of Italy Governor Fabio Panetta called on the government to maintain a positive perception of Italian public finances amidst the ongoing energy and geopolitical crisis.
(ANSA) - ROME, MAR 4 - Premier Giorgia Meloni said Wednesday that Italy's Mattei Plan for African development to stem emigration towards Europe will see four new members joining the 14 existing ones this year.
"The Matte Plan has involved 14 countries, and in 2026, we will extend it to another 4: Congo, Rwanda, Gabon, and Zambia," said Meloni, speaking at the conference "Laying the groundwork for jobs in Africa" ;;at the Bank of Italy.
The Mattei Plan is a strategic Italian initiative launche...
A 13-year-old school dropout founded the Bank of Italy in San Francisco at age 31, which grew to become the world's largest bank, serving workers, immigrants, women, and farmers.
Fabio Panetta of the Bank of Italy has warned that markets may be underestimating risks, suggesting a sharp correction could be possible. He also noted that bank aggregations could strengthen the financial system.
A report by the Bank of Italy estimates that foreign pilgrims spent 1.6 billion euros during the Jubilee in Rome, highlighting the significant economic impact of the event.
The Bank of Italy announced a downgrade in the country's economic growth forecast for 2027, projecting a 0.4% growth rate, while maintaining its 2026 estimate.
Bank of Italy's Panetta has warned that the Eurozone faces a risk of 6% inflation due to the ongoing war and energy crisis, also urging Italian businesses to rapidly adopt artificial intelligence.
The Bank of Italy is reportedly scrutinizing how smaller banks are sourcing funding from online deposit platforms, raising concerns about financial stability.
The Bank of Italy anticipates a decrease in demand for loans and mortgages from households and businesses in the current quarter, attributing the slowdown to ongoing geopolitical conflicts.
The Bank of Italy has observed a rise in business pessimism, attributing the sentiment to the ongoing conflict in Iran. This indicates growing concerns within the business sector regarding the war's economic impact.
The Uffizi Galleries in Florence experienced a severe cyberattack earlier this year, leading to emergency measures including the transfer of valuable treasures to the Bank of Italy.
Italy has reportedly refused permission for US military aircraft to use the Sigonella air base in Sicily for operations in the Middle East, specifically those related to the conflict with Iran. This decision has led to reported tensions between Italy and the US, with President Trump criticizing allies.
Italy's public debt increased by 16.8 billion euros in January, reaching 3.1123 trillion euros, according to the Bank of Italy. The rise was attributed to an increase in the Treasury's liquid assets.
Bank of Italy Governor Fabio Panetta stated that tariffs and ongoing wars have significantly increased global economic uncertainty, impacting economic opportunities and growth.