The Bank of Italy is the central bank of the Republic of Italy. It is a public-law institution regulated by national and European legislation. It is an integral part of the Eurosystem, which is made up of the national central banks of the euro area and the European Central Bank.

The Bank pursues aims in the general interest in the sector of money and finance: price stability, which is the main objective of the Eurosystem under the Treaty on the Functioning of the European Union; the stability and efficiency of the financial system, thus implementing the principle of the protection of savings embodied in the Constitution; and the other duties entrusted to it by Italian law.

In Europe, the Bank of Italy is the national competent authority for the Single Supervisory Mechanism (SSM) for banks and the national resolution authority for the Single Resolution Mechanism (SRM) for banks and securities investment firms.