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Euro Area MFI Interest Rate Statistics: September 2009
added: 2009-11-03

In September 2009, most of the average MFI interest rates on new deposits and a large majority of the average MFI interest rates on new loans decreased further. A majority of the average MFI interest rates on outstanding amounts of deposits and loans decreased as well.

MFI interest rates on new business: in September 2009 the weighted average rate on deposits from households with an agreed maturity of up to one year decreased by 11 basis points to 1.61% while the corresponding deposit rate for non-financial corporations remained basically unchanged at 0.69%. The weighted average rate on deposits from households redeemable at up to three months’ notice decreased by 4 basis points to 1.60%.

The interest rate on housing loans to households at a floating rate or with an initial rate fixation period of up to one year decreased by 19 basis points to 2.81%. The corresponding rate on loans with an initial rate fixation period of more than five years and up to ten years decreased by 6 basis points to 4.48%. The weighted average rate on loans to households for consumption purposes, with an initial rate
fixation period of over one and up to five years, decreased by 5 basis points to 6.48% in September 2009.

In the case of loans to non-financial corporations at a floating rate or with an initial rate fixation period of up to one year, the weighted average rate decreased in September by 6 basis points to 3.36%, for loans up to EUR 1 million and decreased by 23 basis points to 2.09%, 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 period of more than five years decreased by 21 basis points to 3.62%.

MFI interest rates on outstanding amounts: in September 2009 the weighted average interest rate on outstanding amounts of deposits from households with an agreed maturity of up to two years decreased by 12 basis points to 2.82%. The corresponding rate on deposits with an agreed maturity of over two years remained unchanged at 3.01%. The weighted average interest rate on outstanding amounts of deposits from non-financial corporations with an agreed maturity of up to two years decreased by 9 basis points to 1.82% in the same month.

In September the weighted average interest rate on outstanding amounts of loans to households for house purchase with over five years’ maturity decreased by 4 basis points to 4.24% and the weighted average interest rate on outstanding amounts of loans to non-financial corporations with over five years’ maturity decreased by 4 basis points to 3.69%.


Source: ECB

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