High spread cd impact mortgage rates

BoI says no effect yet, ABI sees rise in average rate in Oct

(ANSA) - Rome, November 22 - 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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