Statistical indicators of interest rates^[1] of credit institutions on their main sources of funds in euros in January 2026 point to their continued stagnation since the second half of 2025.

As regards the main sources of funds obtained by credit institutions from the household sector, the average of interest rates on savings deposits stood at 0.17% in January 2026, down by 0.02 percentage points from January last year. The averages of interest rates on both short-term and long-term time deposits were lower in January 2026 than the levels recorded in January 2025. In January 2026, the average of interest rates stood at 1.39% for short-term time deposits and 1.03% for long-term time deposits. Compared with January 2025, this is a decrease of 0.37 and 0.17 percentage points for short-term deposits and long-term deposits respectively. However, relative to October 2025, the average of interest rates on short-term deposits edged up by 0.03 percentage points, while the average of interest rates on long-term deposits went up by 0.09 percentage points.

Figure 1 Averages of interest rates on household savings and time deposits

The averages of interest rates on time deposits of non-financial corporations reached 1.81% for short-term deposits and 1.80% for long-term deposits in January 2026. Compared with January 2025, long-term deposits increased by 1.31 percentage points, while short-term deposits declined by 0.82 percentage points. The average of interest rates on long-term deposits continued to fluctuate at an unclear pace in 2025, while the interest rates on short-term deposits have been stagnating since June 2025.

Figure 2 Averages of interest rates on time deposits of non-financial corporations

In January 2026, statistical indicators of interest rates of credit institutions for the most important types of euro loans have continued to hover around the levels recorded in the second half of the year before.

As for the main categories of household loans, the highest average of interest rates in January 2026, of 5.50%, was recorded for general-purpose and other loans. The lowest average of interest rates in January 2026, of 3.03%, was seen in housing loans. In January 2026, the average of interest rates on loans in the form of transaction account overdrafts stood at 5.03%, while for credit card loans^[2] it was 3.87%.

Figure 3 Averages of interest rates on newly granted household loans

For the main categories of loans granted to non-financial corporations in January 2026, the average of interest rates was 2.85% for short-term loans and 3.86% for long-term loans. In annual terms, short-term loans and long-term loans declined by 0.97 and 0.74 percentage points respectively. On a quarterly level, short-term loans declined by 0.12 percentage points, while long-term loans went up by 0.06 percentage points.

Figure 4 Averages of interest rates on newly granted loans to non-financial corporations

Statistical data time series^[3]:
Interest rates of credit institutions in the RC
MFI interest rate statistics for euro area countries

1. Statistical indicators of interest rates are calculated as weighted monthly averages of agreed (nominal) interest rates on new deposit and loan contracts between credit institutions and their clients from the domestic household sector (citizens and non-profit organisations) and the non-financial corporate sector (corporations outside the financial sector and the government sector) in a given month. New contracts include all contracts that specify the interest rate for the first time, and all renegotiations of the terms and conditions of the existing contracts. The weights used in the calculation are contracted amounts of newly received deposits and newly granted loans, with the exception of transaction accounts and demand deposits as well as transaction account overdrafts and credit card loans, which are assumed to be contractually renewed each month, but in indefinite amounts; for this reason, the weights used are their corresponding book balances at the end of a month. Indicators that are being calculated differ according to the instrument, maturity and institutional sector to which deposits and loans relate. As of January 2023, data refer only to the euro. For data before 2023, a kuna loan/deposit indexed to euro is also considered to be a euro loan/deposit (except for savings deposits, transaction account overdrafts and credit card loans where all currencies are included). ↑

2. In October 2024, there was a change in the scope of loans included in the calculation of this interest rate. ↑

3. The statistical indicators of interest rates of credit institutions in the RC, published by the CNB, may be different from the statistical indicators of interest rates of credit institutions in the RC published by the ECB. The differences in the values of comparable indicators stem predominantly from the differences in the concept of residency used when calculating these indicators from the initially collected data. ↑