European Central Bank reports November 2025 euro area corporate borrowing costs steady at 3.50% and mortgage borrowing costs steady at 3.30%

The European Central Bank published euro area bank interest rate statistics showing that composite cost-of-borrowing indicators for new loans were broadly unchanged in November 2025, at 3.50% for loans to non-financial corporations and 3.30% for household loans for house purchase. Composite rates on new deposits also remained largely stable, including deposits with agreed maturity at 1.93% for corporations and 1.80% for households, and overnight deposits at 0.52% for corporations and 0.25% for households. Within corporate lending, rates moved modestly across product buckets, with new loans over EUR 1 million falling 4 basis points to 3.15% for floating and up to three months’ initial rate fixation, rising 7 basis points to 3.33% for over three months and up to one year, and rising 7 basis points to 3.49% for over ten years; smaller new loans up to EUR 250,000 with floating and up to three months’ fixation increased 8 basis points to 3.67%. For households, the interest rate on new housing loans was broadly stable across fixation periods, including 3.54% for floating and up to one year and 3.15% for over ten years, while the rate on new consumer loans was unchanged at 7.33%; deposits from households with an agreed maturity of up to one year were broadly unchanged at 1.75% and deposits redeemable at three months’ notice stayed at 1.21%. The release also incorporated revisions to data for previous periods.