Central Bank of Luxembourg publishes provisional February 2026 average interest rates on new loans and deposits

The Central Bank of Luxembourg released provisional February 2026 statistics on weighted-average interest rates and volumes for new credit and deposit contracts between Luxembourg credit institutions and euro area households and non-financial corporations. Variable and most fixed-rate mortgage pricing for households rose slightly month on month, while variable-rate lending rates for firms declined. For households, the variable-rate mortgage rate increased by 6 bp to 3.07% as new lending fell by EUR 10 million to EUR 207 million. Fixed-rate mortgages rose to 3.33% for an initial rate fixation period over one year and up to five years and to 3.60% for over five years and up to 10 years, while mortgages with initial fixation over 10 years totalled EUR 147 million and showed rates ranging from 3.51% to 4.01% across maturity buckets. The consumer credit rate for initial fixation over one year and up to five years declined by 22 bp to 4.05% with volumes rising to EUR 56 million, and the household term-deposit rate for initial maturity up to one year edged down to 1.48%. For non-financial corporations, variable rates fell to 3.32% on loans up to EUR 1 million and to 2.66% on loans above EUR 1 million, with new lending of EUR 100 million and EUR 2,218 million respectively, while the term-deposit rate for initial maturity up to one year increased to 1.82%. The Bank noted that the reported rates are weighted averages and that “new contracts” include renegotiations of existing loans and deposits.