Euro area MFI interest rates show mixed trends for February 2026

The weighted indicator for corporate loan financing costs saw a 6 basis point decrease to 3.51 percent in February 2026.

For new loans over €1 million, variable-rate or short-term fixed loans fell by 9 basis points to 3.20 percent, and those with a fixed rate of 3 months to 1 year dropped by 30 basis points to 3.15 percent.

However, loans over €1 million with a fixed rate exceeding ten years increased by 19 basis points to 3.72 percent.

Smaller loans up to €250,000 with variable or short-term fixed rates also rose by 7 basis points to 3.66 percent, primarily due to weighting effects.

Corporate term deposits remained constant at 1.91 percent, and overnight deposits were unchanged at 0.52 percent.

The weighted indicator for household housing loan financing costs remained largely unchanged at 3.37 percent in February 2026.

Most housing loan categories, including variable-rate and short-term fixed loans, showed minimal movement.

However, housing loans with a fixed rate of more than five and up to ten years increased by 4 basis points to 3.55 percent.

Consumer loan rates for households decreased by 7 basis points to 7.51 percent.

For household deposits, term deposits were stable at 1.83 percent and overnight deposits at 0.25 percent, while deposits with a three-month notice period decreased by 5 basis points to 1.17 percent.