A persistently high bond spread
could impact Italian home mortgages, Economy Minister Giovanni
Tria told the Senate Thursday.
"If the increase in the spread were to persist over time the
impact on rats practised by banks on mortgages could prove to be
significant," he said at question time.
Tria said, citing Bank of Italy data, that the rise of the
spread so far "has not influenced in an adverse way mortgage
rates", while the latest data from the Italian Banking
Association (ABI) indicate "an increase in the average rate on
new mortgages in October".
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