In January, the average interest rate on new loans granted to non-financial corporations increased by 17 basis points (b.p.) to 2.16%

The interest rate on operations below €1 million rose by 13 b.p. to 2.42% and the interest rate on operations above €1 million rose by 3 b.p. to 1.70% (Chart 1).

The average interest rate on new loans to households for house purchase declined by 3 b.p. to a new historical low of 0.77%, for the sixth consecutive month (Chart 2).

The average interest rate on loans for consumption stood at 6.56% and the interest rate on loans for other purposes stood at 3.66%. The rates for December were 6.09% and 2.97%, respectively.