- Composite cost-of-borrowing indicator for new loans to corporations and for new loans to households for house purchase broadly unchanged at 1.36% and 1.31%, respectively
- Composite interest rate for new deposits with agreed maturity from corporations broadly unchanged at -0.31%, with interest rate for overnight deposits from corporations unchanged at -0.03%
- Composite interest rate for new deposits with agreed maturity from households broadly unchanged at 0.23%, with interest rate for overnight deposits from households unchanged at 0.01%
Bank interest rates for corporations
Data for cost of borrowing and deposit interest rates for corporations (Chart 1)
The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, remained broadly unchanged in December 2021. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months increased by 7 basis points to 1.14%, driven by both the interest rate and the weight effects. The rate on new loans of the same size with an initial rate fixation period of over three months and up to one year fell by 14 basis points to 0.97%. This decrease was due to developments in two euro area countries and was driven by the interest rate effect. The interest rate on new loans of over €1 million with an initial rate fixation period of over ten years decreased by 22 basis points to 1.19%. This decrease was due to developments in two euro area countries and was mainly driven by the interest rate effect. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged rose by 4 basis points to 1.84%, driven by the interest rate effect.
As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year stayed almost constant at -0.34% in December 2021. The interest rate on overnight deposits from corporations stayed constant at -0.03%.
The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year decreased by 16 basis points to 1.88%. This decrease was due to developments in one euro area country and was driven by the interest rate effect.
Data for bank interest rates for corporations (Table 1)
Bank interest rates for households
Data for cost of borrowing and deposit interest rate for households (Chart 2)
The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, remained broadly unchanged in December 2021. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year remained broadly unchanged at 1.33%. The rate on housing loans with an initial rate fixation period of over one and up to five years stayed almost constant at 1.46%. The interest rate on loans for house purchase with an initial rate fixation period of over five and up to ten years showed no change at 1.30%. The rate on housing loans with an initial rate fixation period of over ten years stayed almost constant at 1.30%. In the same period the interest rate on new loans to households for consumption decreased by 13 basis points to 5.06%. This decrease was due to developments in two euro area countries and was mainly driven by the weight effect.
As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year remained broadly unchanged at 0.16%. The rate on deposits redeemable at three months’ notice stayed almost constant at 0.35%. The interest rate on overnight deposits from households showed no change at 0.01%.
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