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Home News Europe Euro Area MFI Interest Rate Statistics: April 2010


Euro Area MFI Interest Rate Statistics: April 2010
added: 2010-06-08

In April 2010 the average MFI interest rates on new deposits showed mixed developments. Most of the average MFI interest rates on new loans either further declined or remained basically unchanged. Average MFI interest rates on outstanding amounts of deposits and loans either remained basically unchanged or declined.

MFI interest rates on new business: in April 2010 the weighted average rate on deposits from households with an agreed maturity of up to one year increased by 12 basis points to 2.02% while the corresponding deposit rate for non-financial corporations remained basically unchanged at 0.78%. The weighted average rate on deposits from households redeemable at up to three months’ notice remained basically unchanged at 1.42%.

The interest rate on housing loans to households at a floating rate or with an initial rate fixation period of up to one year remained basically unchanged at 2.62% in April 2010. 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 4.18%. 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 6 basis points to 6.15%

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 April 2010 by 6 basis points to 3.18%, for loans up to EUR 1 million and remained basically unchanged, at 2.00%, for loans over EUR 1 million during the same period. 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 remained basically unchanged at 3.45%.

MFI interest rates on outstanding amounts: in April 2010 the weighted average interest rate on outstanding amounts of deposits from households with an agreed maturity of up to two years remained unchanged at 2.13%. The corresponding rate on deposits with an agreed maturity of over two years remained unchanged at 2.75%. The weighted average interest rate on outstanding amounts of deposits from non-financial corporations with an agreed maturity of up to two years remained basically unchanged at 1.37% in the same month.

In April 2010 the weighted average interest rate on outstanding amounts of loans to households for house purchase with over five years’ maturity decreased by 6 basis points to 3.92% 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 3.33%.


Source: ECB

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