2024-10-31-mfi-zinsstatistik-download.pdf

Here are the key points summarized in English:

Key Points:

1. To reduce excessive volatility, a weighting scheme based on the 24-month moving average of new business volumes is used for certain indicators.
2. The development of weighted indicators of credit financing costs cannot be explained by monthly changes in the component parts shown in the tables.
3. The interest rates in new business are weighted by the volume of individual contracts at both the reporting entity and national levels.
4. Changes in average interest rates in new business for the euro area reflect not only actual interest rate changes but also changes in country weights in the relevant instrument categories.
5. The "interest effect" and "weighting effect" are identified using the Bennett index, which allows for the separation of monthly developments in aggregated interest rates in the euro area that result from changes in interest rates in individual countries ("interest effect") from those caused by changed country weights in the contributions to the relevant instrument categories ("weighting effect").

Other Points:

1. The press release contains revised data for previous reporting periods, as well as links to data that may change with each new publication.
2. The data refers to EU member states that had adopted the euro as their official currency by the reference period of the statistics.
3. The sector classification of MFI interest rate statistics is based on the European System of Accounts 2010 (ESA 2010).
4. The press release is available at the ECB's website: www.ecb.europa.eu.