ECB Refinancing Rate in Italy
The European Central Bank (ECB) maintained historically low policy rates from 2013 to 2021, reflecting prolonged economic sluggishness and low inflation in the Euro area. The ECB even adopted negative rates to stimulate economic growth and counter deflationary pressures. By 2022, the focus started shifting towards normalizing policy in response to recovery signs and rising inflation
The ECB Refinancing Rate ended 2022 at 2.50%, up from the 0.00% end-2021 value and significantly higher than the reading of 0.25% a decade earlier. For reference, the average policy rate in Major Economies was 3.50% at the end of 2022. For more interest rate information, visit our dedicated page.
Italy Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Italy from 2013 to 2022.
Source: ECB.
Italy Interest Rate Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| ECB Refinancing Rate (%, eop) | 0.00 | 0.00 | 0.00 | 0.00 | 2.50 |
| ECB Overnight Deposit Rate (%, eop) | -0.40 | -0.50 | -0.50 | -0.50 | 2.00 |
| 3-Month EURIBOR (%, eop) | -0.31 | -0.38 | -0.55 | -0.57 | 2.13 |
| 10-Year Bond Yield (%, eop) | 2.74 | 1.40 | 0.55 | 1.17 | 4.67 |