Mini Exam 4 — Banking and Tax Vocabulary

1 / 10

What is the 'tasso BCE' (BCE rate) and how does it affect Italian mortgages?

The ECB's main refinancing rate — when it rises, variable-rate mortgages become more expensive for borrowersThe Bank of Italy's rate for interbank lending — unrelated to consumer mortgagesItaly's national inflation target set by the ECBThe maximum interest rate allowed on consumer loans in Italy