The Central Bank of Luxembourg has published provisional average interest rate data for new loan and deposit contracts offered by Luxembourg credit institutions to euro area households and non-financial corporations, with March 2026 figures showing household variable mortgage rates unchanged at 3.07 percent while new mortgage volumes rose to EUR 308 million. Corporate borrowing costs increased in both size bands, most notably for variable rate loans above EUR 1 million, where the rate rose to 3.02 percent and new lending reached EUR 3.489 billion. For households, the fixed rate on residential mortgages with an initial rate fixation of more than one year and up to five years rose 21 basis points from February to 3.54 percent on EUR 35 million of new business, while the five to 10 year segment rose 13 basis points to 3.73 percent on EUR 65 million. In mortgages with initial fixation above 10 years, volumes increased to EUR 206 million and rates declined across all five year buckets, to 3.83 percent for 10 to 15 years, 3.84 percent for 15 to 20 years, 3.46 percent for 20 to 25 years, 3.81 percent for 25 to 30 years, and 3.87 percent for more than 30 years. Consumer credit rates with an initial fixation of more than one year and up to five years edged up to 4.08 percent as volumes fell to EUR 52 million, while household term deposit rates with an initial maturity of up to one year increased from 1.48 percent to 1.66 percent. For non-financial corporations, the variable rate on loans of up to EUR 1 million increased to 3.40 percent with new volumes at EUR 126 million. Loans above EUR 1 million rose 36 basis points from February to 3.02 percent, with volumes increasing by EUR 1.273 billion over the month to EUR 3.489 billion. Term deposit rates for non-financial corporations with an initial maturity of up to one year increased to 1.96 percent.
Central Bank of Luxembourg 2026-05-08
Central Bank of Luxembourg publishes provisional March lending and deposit rates as household variable mortgage rates hold at 3.07 percent and large corporate lending reaches EUR 3.49 billion
The Central Bank of Luxembourg published provisional March 2026 data on average interest rates for new loans and deposits of Luxembourg credit institutions to euro area households and non-financial corporations, showing broadly stable household variable mortgage rates at 3.07 percent alongside higher new mortgage volumes of EUR 308 million. Fixed mortgage rates for households moved mixed across maturities, while consumer credit and household term deposit rates edged higher. Corporate borrowing costs increased across size bands, with variable rates on loans above EUR 1 million rising to 3.02 percent and new lending reaching EUR 3.489 billion, and term deposit rates for non-financial corporations with maturities up to one year at 1.96 percent.