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Euro Area MFI Interest Rate Statistics in November 2007
added: 2008-01-14

In November 2007 the majority of euro area average MFI interest rates on new deposits and new loans remained broadly unchanged.

MFI interest rates on new business: in November 2007 the weighted average rate on deposits from households with an agreed maturity of up to one year remained basically unchanged at 4.08%, while the corresponding deposit rate for non-financial corporations remained basically unchanged at 4.10%. In addition, the weighted average rate on deposits from households redeemable at up to three months’notice remained basically unchanged at 2.54%.

The rate on housing loans to households at a floating rate or up to one-year initial rate fixation remained basically unchanged at 5.28%, 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 remained also broadly unchanged at 6.89% in November 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 remained basically unchanged at 5.09%.

In the case of loans to non-financial corporations at a floating rate or up to one-year initial rate fixation, in November the weighted average rate remained basically unchanged at 5.96% for loans up to EUR 1 million and remained basically unchanged at 5.08% 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 remained basically unchanged at 5.33%.

MFI interest rates on outstanding amounts: in November 2007 the weighted average interest rate on outstanding amounts of deposits from households with an agreed maturity of up to two years increased by 6 basis points to 3.85%, while the corresponding rate on deposits with an agreed maturity of over two years remained basically unchanged at 3.06%. 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 4 basis points to 4.22% in the same month.

In November the weighted average interest rate on outstanding amounts of loans to households for house purchase with over five years’ maturity remained basically unchanged at 5.00% and the weighted average interest rate on outstanding amounts of loans to non-financial corporations with over five years’maturity remained basically unchanged at 5.25%.


Source: ECB

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