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Statistical Press Release – Banking interest rates on new loans and deposits – January 2021

03/03/2021 | 06:12am EDT

In January, the average interest rate on new loans granted to non-financial corporations increased by 17 basis points (b.p.) to 2.16%

The interest rate on operations below €1 million rose by 13 b.p. to 2.42% and the interest rate on operations above €1 million rose by 3 b.p. to 1.70% (Chart 1).

The average interest rate on new loans to households for house purchase declined by 3 b.p. to a new historical low of 0.77%, for the sixth consecutive month (Chart 2).

The average interest rate on loans for consumption stood at 6.56% and the interest rate on loans for other purposes stood at 3.66%. The rates for December were 6.09% and 2.97%, respectively.

Disclaimer

Banco de Portugal published this content on 03 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 11:11:06 UTC.


© Publicnow 2021
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