Banca d'Italia
BDISpeech
Italy plans 3.4 percent deficit as defence and energy spending rise
Italy’s fiscal plan raises the 2027 deficit to 3.4 percent of GDP from 2.9 percent in 2026.
Focus
BDINews
Historic bank buildings open for free visits in October 2026
Free, reservation-only visits to Bank of Italy buildings will run during the national “It is culture!” festival from October 16 to 24, 2026.
BDIPaper
STEM skills correlate with higher Milano Hub project scores
STEM qualifications correlate with higher fintech project evaluation scores at the Bank of Italy's Milano Hub.
Latest
BDINews
Applied macro conference tackles defense spending and energy shocks
Banca d'Italia will host the Second Conference on Applied Macroeconomics in Rome on October 8-9, 2026.
BDINews
Italian cyber campaign targets AI-driven financial fraud
A coalition of Italian regulators and commercial lenders launched the cybersecurity campaign “I Navigati” on October 9. The nationwide initiative targets online fraud and emerging AI-driven threats facing retail customers and businesses.
BDIData
Italian inflation rises to 4.1 percent while GDP expands 0.2 percent
Italian consumer price inflation reached 4.1 percent in September 2026, driven by energy costs, while gross domestic product grew 0.2 percent in the second quarter.
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BDIPaper
Bearer tokenized deposits share parity and run risks with EMTs
Bank-issued electronic money tokens and bearer tokenized deposits share near-functional economic equivalence and identical stability risks, according to a Banca d'Italia study.
BDIPaper
Private equity doubles in Italy to 8 billion euros but lags peers
Italian private equity and venture capital investment reached 8 billion euros in 2025, more than doubling over a decade, according to a Banca d'Italia study.
BDIPaper
Dutch and Italian funds cut hurricane-exposed US equities
Institutional investors in Italy and the Netherlands reduced their holdings of US equities exposed to major hurricanes between 2020 and 2023, according to a joint study by Banca d’Italia and De Nederlandsche Bank researchers.
BDIPaper
Open-weight models redistribute rents across the AI value chain
A Banca d'Italia paper shows that open-weight artificial intelligence models redistribute market rents rather than destroy incumbent profits.
BDIPaper
Appeals double Italian procurement award times to 240 days
A Bank of Italy working paper finds that administrative appeals affect only 0.4 percent of Italian public procurement procedures but 7.2 percent of total contract value, nearly doubling average award times between 2023 and 2025.
BDIPaper
Tail risks explain 43 percent of dollar moves against the euro
Repricing of tail risks accounted for 43 percent of daily dollar fluctuations against the euro following the April 2025 US tariff announcement.