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Scope
Data presentation - Summary description

Statistics on interest rates applied by monetary financial institutions (except central banks and money market funds) to deposits and loans vis-á-vis households and non-financial corporations, both for New Business and Outstanding Amounts .

Data presentation - Detailed description

Interest rates and corresponding volumes on: Deposits with MFIs from households, Deposits with MFIs from non-financial corporations, Loans granted by MFIs to households, Loans granted by MFIs to non-financial corporations.

Reference area coverage

Euro area Member States

Sector coverage

MFI sector vis-à-vis households (including non-profit institutions serving households) and non-financial corporations.

Methodological information
Source data type

Sources of weights: for the aggregation of interest rates within each instrument category, the respective business volumes are used as weights. To calculate an individual institution"s aggregate interest rate per instrument category, the volumes of each contract within that instrument category are used as weights.

 

Nature of weights: weighted averages

Time period

Months from January 2003 to ongoing

Base period

No base period

Frequency of data collection

Monthly

Classification system

ESA2010

Statistical concepts and definitions

For information about the naming convention (series key dimensions and metadata), refer to the MIR underlying DSD (ECB_MIR1) maintained by the ECB.

Statistical unit

For interest rates: percent per annum

 

For business volumes: national currency

Accounting conventions

For Oustanding amounts: stocks and interest rates observed at end of month (exceptionally period averages for implicit rates)

 

For New business: all new agreements on interest rates, including renegotiations of existing agreements, as agreed on during the course of one month

Valuation

For Interest rates : annualized agreed rate (AAR), or narrowly defined effective rate (NDER)

 

For Stocks : book value or volumes agreed on (in the case of new business )

Statistical processing
Data validation

Verification of processing

Data revision - policy

Revisions are taken on board to improve data quality, as and when they occur.

Data revision - practice

Permanent

Administrative Information
Title

MFI Interest Rate Statistics (MIR Statistics)

Data source

Monetary financial institutions in the euro area are legally obliged to report data to their National Central Banks, which in turn report to the ECB.

Contact organisation

European Central Bank

Quality
Quality management

Logical and plausibility checking

Dissemination
Release policy - release calendar

Release calendar schedule on the ECB"s website:

 

https://www.ecb.europa.eu/press/calendars/statscal/html/index.en.html

Dissemination format - news release

For the MIR press release on the ECB"s website, see: 

 

https://www.ecb.europa.eu/press/pr/stats/mfi/html/index.en.html

Dissemination format - other formats
Methodology - Advance notice

Major conceptual / methodological changes take place at large intervals (minimum 5 years) and are explained, at the latest with the revised statistics.

Technical Information
Catalog

Download the series catalogue containing a full list of series and associated metadata of the dataset MIR in CSV format (zipped)

Dataset last update
1 February 2024 15:00 CET
Miscellaneous
Metadata last update
20 July 2023 09:51 CEST