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Euro area bank interest rate statistics: April 2019

The composite cost-of-borrowing indicators for new loans to corporations1 and for new loans to households for house purchase2 remained broadly unchanged in April 2019, at 1.62% and 1.75%, respectively.

• In the same month, the euro area composite interest rate for new deposits from corporations and for new deposits from households also remained broadly unchanged at 0.11% and 0.37%, respectively.

The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, remained broadly unchanged in April 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 remained broadly unchanged at 1.16%. The rate for new loans of the same size with an initial rate fixation period of over ten years increased by 12 basis points to 1.88%. The month-on-month change was due to developments in two euro area countries and it was mainly 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 remained broadly unchanged at 2.19%. 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 0.08% in April 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 remained broadly unchanged at 2.42%.

The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, remained broadly unchanged in April 2019. 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 1.60%, while the interest rate on housing loans with an initial rate fixation period of over ten years fell by 4 basis points to 1.77%. In the same period, the interest rate on new loans to households for consumption remained broadly unchanged at 5.62%. As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year and on deposits redeemable at three months’ notice remained broadly unchanged in April 2019, at 0.32% and 0.40%, respectively. The interest rate on overnight deposits from households showed no change at 0.03%.

 

 

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