In November, the average interest rate on new loans granted to non-financial corporations decreased by 8 basis points (b.p.) to 1.99%.
The interest rate on operations above €1 million stood at 1.58% (1.70% in October) (Chart 1) and the interest rate on operations below €1 million at 2.27% (2.31% in October).
The average interest rate on new loans to households for house purchase declined by 3 b.p. to a new historical low of 0.84% (Chart 2), for the fourth consecutive month. The average interest rate on loans for consumption stood at 6.24% and the interest rate on loans for other purposes stood at 3.24%. The rates for October were 6.43% and 3.76%, respectively.
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Banco de Portugal published this content on 06 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2021 11:15:06 UTC
