Italian Interest Rates Rise: A September 2025 Update
Interest rates on new loans in Italy continued thier upward trend in September 2025, according to the latest data released by the Bank of Italy. This ongoing increase impacts both the housing and consumer credit markets,while deposit rates remain stable.
Specifically, the global effective annual rate (TAEG) for mortgages reached 3.71% in September. This represents a slight increase from 3.67% in August and 3.61% in July, signaling a consistent rise in borrowing costs for prospective homeowners.
Consumer credit is also becoming more expensive, with the APR on new disbursements climbing to 10.24% in September, up from 10.29% the previous month. Businesses seeking new loans are also facing higher interest rates, as the rate for non-financial companies increased to 3.38% from 3.39% in August.
Notably, interest rates on all outstanding deposits have remained unchanged at 0.63%,offering limited returns for savers despite the rising cost of borrowing. This disparity between lending and deposit rates reflects the current economic climate and monetary policy.