In March 2024, interest rates on new financing operations are decreasing. According to the monthly report of the ABI, the Italian Banking Association, the average rate on new transactions for the purchase of homes decreased to 3,79 percent, compared to 3,89 percent in February 2024 and compared to 4,42 percent in December 2023; the average rate on new business financing operations fell to 5,26 percent from 5,34 percent in February 2024 and from 5,45 percent in December 2023; the average rate on total loans (therefore subscribed over the years) fell to 4,79 percent from 4,80 percent in the previous month.
However, there is a decline in credit volumes, consistent with the slowdown in economic growth which contributes to depressing the demand for loans: in March 2024, loans to businesses and families fell by 2,6 percent compared to a year earlier , while in February 2024 they had recorded a decline of 2,5 percent, when loans to businesses had decreased by 3,8 percent and those to families by 1,3 percent.
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