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Italy to hit banks with 40 percent windfall tax

Average mortgage rate up to 4 58% in May in Italy

The Bank of Italy said Tuesday that the average annual percentage rate on a mortgage in Italy rose to 4.58% in May, up from 4.52% in April, Azernews report, citing ANSA.

Today Az - Average mortgage rate up to 4 58% in May in Italy

Today Az - Average mortgage rate up to 4 58% in May in Italy
today.az - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.az Daily Mail and Mail on Sunday newspapers.

WRAPUP 7-SVB shockwaves rattle global banks in grip of contagion fears

An indicator of credit risk in the euro zone banking system leapt to its highest since mid-July, as worries about contagion risks from the collapse of two U.S. banks compounded investor concerns about the impact on lenders of rising interest rates. The VIX volatility index, Wall Street's "fear gauge", neared six-month highs overnight, although futures pointed to a higher Wall Street open and European bank stocks recovered from falls earlier on Tuesday.

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