Euro area bank interest rate statistics: July 2019

Europe

Bank interest rates for corporations

Data for cost of borrowing and deposit interest rate for corporations

The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, remained broadly unchanged in July 2019. 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 from the previous month to 1.16%, driven by the interest rate effect. The rate for new loans of the same size with an initial rate fixation period of over ten years decreased by 10 basis points to 1.48%. This decrease was essentially due to developments in two euro area countries and was 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 decreased by 7 basis points to 2.06%, on account of both interest rate and weight effects.

As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year stayed more or less constant at 0.03% in July 2019. 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 increased by 10 basis points to 2.48%. The month-on-month change was essentially due to developments in one euro area country and was driven by the interest rate effect.

Data for bank interest rates for corporations

Bank interest rates for households

Data for cost of borrowing and deposit interest rate for households

The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, decreased in July 2019. While the interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year showed no change at 1.56%, the interest rate on housing loans with an initial rate fixation period of over ten years fell by 8 basis points to 1.57%, mainly driven by the interest rate effect. In the same period, the interest rate on new loans to households for consumption rose by 9 basis points to 5.73%, mainly driven by the interest rate effect.

As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year showed no change in July 2019, at 0.30%. The interest rate on deposits redeemable at three months’ notice and on overnight deposits also showed no change, at 0.43% and 0.03%, respectively.

Data for bank interest rates for households

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