Compared to November 2021 (0.05%), corporate deposit rates decreased by three basis points. Deposit interest rates have been declining for several years, as part of the policy of low or negative interest rates pursued by Central Banks around the world, including the European Central Bank.

According to the Central Bank, deposit rates for households remained unchanged at 0.06% and are maintained at this level, which is also historically low, from September 2021.

Increase in interest rates on non-consumer loans

In December 2021, lending rates increased, except for consumer loans, whose interest rate decreased to 2.90% compared to 2.97% in the previous month.

The interest rate on home loans increased to 2.21%, compared to 2.13% in the previous month.

According to the CBC, the interest rate on loans to non-financial corporations for amounts up to € 1 million showed a marginal increase to 3.25%, compared to 3.24% in the previous month.

The interest rate on loans to non-financial corporations for amounts over € 1 million increased to 2.84%, compared to 2.59% in the previous month. (CNA)

Source: Knews