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MFI Interest Rate Statistics: June 2009
added: 2009-08-03

In June 2009 all the average MFI interest rates on new deposits and most average MFI interest rates on new loans further decreased. Most average MFI interest rates on outstanding amounts of deposits and loans decreased.

MFI interest rates on new business: in June 2009 the weighted average rate on deposits from households with an agreed maturity of up to one year remained basically unchanged at 1.86% while the corresponding deposit rate for non-financial corporations decreased by 4 basis points to 1.04%. The weighted average rate on deposits from households redeemable at up to three months’ notice decreased by 4 basis points to 1.94%.

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 9 basis points to 3.13%. The corresponding rate on loans with an initial rate fixation period of more than five years and up to ten years remained basically unchanged at 4.51%. 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 7 basis points to 6.37% in June 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 June by 9 basis points to 3.64%, for loans up to EUR 1 million and increased by 8 basis points, to 2.56%, 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 27 basis points to 3.69%.

MFI interest rates on outstanding amounts: in June 2009 the weighted average interest rate on outstanding amounts of deposits from households with an agreed maturity of up to two years decreased by 13 basis points to 3.25%. 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 decreased by 21 basis points to 2.20% 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 decreased by 10 basis points to 4.46% and the weighted average interest rate on outstanding amounts of loans to non-financial corporations with over five years’ maturity decreased by 12 basis points to 4.00%.


Source: ECB

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