Euro area MFI interest rates largely stable in November 2025

The weighted indicator for corporate loan financing costs remained largely stable at 3.50 percent in November 2025.

While the overall trend showed little change, specific loan categories experienced minor adjustments.

New loans exceeding €1 million with variable rates or an initial fixation period of up to three months decreased by 4 basis points to 3.15 percent.

Conversely, loans of the same size but with longer fixation periods, specifically from three months to one year, increased by 7 basis points to 3.33 percent.

Similarly, new loans over €1 million with an initial fixation period exceeding ten years also saw an increase of 7 basis points, reaching 3.49 percent.

For smaller loans, those up to €250,000 with variable rates or short-term fixation, the average rate rose by 8 basis points to 3.67 percent.

On the deposit side, new corporate deposits with an agreed maturity of up to one year were nearly constant at 1.91 percent, and overnight corporate deposits remained stable at 0.52 percent.

For private households, the weighted indicator for housing loan financing costs showed overall stability in November 2025, holding at 3.30 percent.

Housing loans across various fixation periods, including variable rates up to one year (3.54 percent), one to five years (3.35 percent), five to ten years (3.48 percent), and over ten years (3.15 percent), all remained largely unchanged.

New consumer loans to private households also held steady at 7.33 percent.

Regarding household deposits, the interest rate for new deposits with an agreed maturity of up to one year was consistent at 1.75 percent.

Deposits with an agreed notice period of up to three months remained constant at 1.21 percent, and overnight household deposits recorded no changes, staying at 0.25 percent.