These arguments are intended simply to support a fair approach to the forthcoming BSA; they are not meant to downplay the risks that the Italian banking system faces.
The latter, by itself, reduces quantities but decreases prices as the equilibrium shifts down along the supply curve. So what’s happened to the interest rates borrowers are actually paying? The Securitisation Dataset provides estimates for both owner-occupiers and investors. There has been a modest broad-based decline in outstanding mortgage rates in the Securitisation Dataset over the year to August (Graph 5).