Euro area MFI interest rates largely stable in January

The weighted indicator for corporate loan financing costs showed no change in January 2026, holding at 3.57 percent.

Rates for new loans over €1 million with variable rates or initial fixation up to three months remained stable at 3.29 percent.

However, loans of the same size with initial fixation between three months and one year decreased by 9 basis points to 3.45 percent.

Longer-term loans over ten years also saw a 12 basis point decrease to 3.53 percent.

For smaller loans up to €250,000, the average rate fell by 6 basis points to 3.59 percent.

The weighted interest rate for new corporate term deposits decreased by 4 basis points to 1.91 percent, while overnight deposits remained at 0.52 percent.

Notably, rates for new loans to sole proprietorships and partnerships with variable rates or initial fixation up to one year increased by 16 basis points to 3.97 percent.

The weighted indicator for household housing loan financing costs was broadly unchanged in January 2026, standing at 3.35 percent.

Rates for housing loans with variable rates or initial fixation up to one year decreased by 4 basis points to 3.51 percent.

Longer-term housing loan rates with initial fixation over ten years increased by 10 basis points to 3.23 percent.

New consumer loan rates for households rose significantly by 35 basis points to 7.51 percent.

For household deposits, the rate for term deposits up to one year was broadly stable at 1.78 percent, and overnight deposits remained unchanged at 0.25 percent.