Press Release - 1 February 2018 - Euro area bank interest rate statistics: December 2017
The composite cost-of-borrowing indicator for new loans to corporations1 remained broadly unchanged at 1.70% in December 2017.
The composite cost-of-borrowing indicator for new loans to households1 for house purchase decreased by 4 basis points from the previous month to 1.83% in December 2017.
In the same month, the euro area composite interest rate for new deposits from corporations remained broadly unchanged while the one from households showed no change.
Bank interest rates for corporations
The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, remained broadly unchanged in December 2017. 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 11 basis points from the previous month to 1.34%. The rate for new loans of the same size with an initial rate fixation period of over ten years decreased by 7 basis points to 1.75%. 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 basically unchanged at 2.40%.
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 0.06% in December 2017.
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