Today, Banco de Portugal publishes statistics, in Table A.10 of the Statistical Bulletin and in BPstat, on banking interest rates on new loans and deposits of non-financial corporations and households for February 2020.
Today, Banco de Portugal publishes statistics, in Table A.10 of the Statistical Bulletin and in BPstat, on banking interest rates on new loans and deposits of non-financial corporations and households for February 2020.
In February the average interest rate on new loans granted to non-financial corporations was 2.14% (2.30% in January).
The interest rate on operations above €1 million stood at 1.75% (1.88% in January) (Chart 1) and the interest rate on operations below €1 million at 2.49% (2.59% in January), widening the gap between the two rates compared to the previous month.
The average interest rate on new loans to households for house purchase decreased by 1 basis points (b.p.), to 1.06% (Chart 2). The average interest rates on loans for consumption and other purposes were 6.84% and 3.88% respectively, compared to 6.95% and 3.80% respectively from January.
The volumes of new loans for house purchase, consumption and other purposes totalled €919 million, €469 million and €248 million respectively.
In February 2020 the average interest rate on new deposits with a maturity of up to one year of non-financial corporations decreased by 2 b.p. to a new historical low of 0.05% (Chart 3).
In the case of households, the average interest rate on new deposits with a maturity of up to one year stood unchanged at 0.07% (Chart 4).
Next update: 12 May 2020