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Euro Area MFI Interest Rate Statistics: June 2007
added: 2007-08-09

In June 2007 the majority of average euro area MFI interest rates on new deposits were higher compared with the previous month. Most average euro area MFI interest rates on new loans increased, while new loans to households for consumption purposes were lower compared with the previous month.

MFI interest rates on new business: in June 2007 the weighted average rate on deposits from households with an agreed maturity of up to one year increased by 16 basis points to 3.78%, while the corresponding deposit rate for non-financial corporations increased by 20 basis points to 3.94%. In addition, the weighted average rate on deposits from households redeemable at up to three months’notice remained basically unchanged at 2.42%.

The rate on housing loans to households at a floating rate or up to one-year initial rate fixation increased by 11 basis points to 4.99%, while the weighted average rate on loans to households for consumption purposes with an initial rate fixation of over one and up to five years decreased by 7 basis points to 6.66% in June 2007. The weighted average rate on loans for house purchase with an initial rate fixation of more than five years and up to ten years increased by 8 basis points to 4.89%.

In the case of loans to non-financial corporations at a floating rate or up to one-year initial rate fixation, in June the weighted average rate increased by 11 basis points to 5.54% for loans up to EUR 1 million and increased by 15 basis points to 4.86% for loans above EUR 1 million. The weighted average rate on loans to non-financial corporations over EUR 1 million with an initial rate fixation of more than five years increased by 5 basis points to 5.17%.

MFI interest rates on outstanding amounts: in June 2007 the weighted average interest rate on outstanding amounts of deposits from households with an agreed maturity of up to two years increased by 9 basis points to 3.39%, while the corresponding rate on deposits with an agreed maturity of over two years remained basically unchanged at 3.04%. The weighted average interest rate on outstanding amounts of deposits from non-financial corporations with an agreed maturity of up to two years increased by 15 basis points to 3.87% in the same month.

In June the weighted average interest rate on outstanding amounts of loans to households for house purchase with over five years’ maturity increased by 4 basis points to 4.86%, and the weighted average interest rate on outstanding amounts of loans to non-financial corporations with over five years’maturity remained basically unchanged at 4.93%.


Source: ECB

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