Harmonized inflation eased to 10.7% in January from 12.3% in December. It should continue to decline ahead due to softer domestic demand and higher interest rates. However, statistical carry-over and pass-through effects will keep it historically high. A stronger-than-expected euro poses a downside risk. Energy and commodity price swings are key factors to watch.
Italy 3-Month EURIBOR (%, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| 3-Month EURIBOR (%, eop) | -0.33 | -0.31 | -0.38 | -0.55 | -0.57 |