Cash Rate

Italy

ECB deposit facility rate, with peer official rates.

IT desk: shared ECB deposit facility rate first (not a separate Banca d'Italia series), then €STR; peer rates alongside.

SeriesRateLast changeAs of
ECB deposit facility rate2.50%+0.25 pp on 15 Sep 202617 Sep 2026Euro short-term rate (€STR)2.19%+0.00 pp on 11 Sep 202615 Sep 2026Bank of England Bank Rate3.75%−0.25 pp on 17 Dec 202515 Sep 2026US federal funds effective rate3.63%+0.01 pp on 13 Jul 202615 Sep 2026Canada target for the overnight rate2.25%−0.25 pp on 29 Oct 202515 Sep 2026Australia cash rate target4.35%+0.25 pp on 5 May 202616 Sep 2026Japan policy rate1.00%+0.25 pp on 16 Jun 202617 Sep 2026India repo rate5.25%−0.25 pp on 4 Dec 202517 Sep 2026Bank of Korea Base Rate3.00%+0.25 pp on 26 Aug 202617 Sep 2026Taiwan CBC discount rate2.00%+0.12 pp on 21 Mar 202417 Sep 2026Brazil Selic target14.00%−0.25 pp on 5 Aug 202617 Sep 2026Mexico overnight target rate6.50%−0.25 pp on 7 May 202617 Sep 2026Switzerland SNB policy rate0.00%−0.25 pp on 19 Jun 202517 Sep 2026Sweden policy rate1.75%−0.25 pp on 30 Sep 202517 Sep 2026Norway policy rate4.25%+0.25 pp on 7 May 202617 Sep 2026South Africa repo rate7.00%+0.25 pp on 28 May 202617 Sep 2026New Zealand Official Cash Rate2.50%+0.25 pp on 8 Jul 202625 Aug 2026SONIA sterling overnight index average3.73%+0.00 pp versus the previous reading14 Sep 2026Canadian Overnight Repo Rate Average (CORRA)2.29%+0.01 pp versus the previous reading15 Sep 2026NZ floating first-mortgage new-customer housing rate6.07%+0.25 pp versus the previous reading31 Jul 2026NZ 90-day bank bill yield3.01%+0.01 pp on 21 Aug 202625 Aug 2026NZ 6-month term deposit rate3.45%−0.01 pp on 31 May 202631 Jul 2026

About this desk

Italy has no separate policy rate here. The Italy desk leads with the ECB deposit facility rate and €STR, the shared euro-area policy and overnight market series, then UK and US rates. Italy's monetary policy is set by the ECB Governing Council, so the desk uses the euro-area series rather than a Banca d'Italia policy rate that would misrepresent the framework.

Germany, France, Ireland and the /ea/ desk carry the same two ECB series. The figures come from the ECB Data Portal and are republished with attribution under the ESCB statistics reuse policy. Every desk shows the same series in a different order, so switching desks changes the menu and wording, not the numbers. The build ingests no Italian retail rate series, so none is shown. This is not financial advice, and readings may lag their source.