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MIR - MFI Interest Rate Statistics


Contact , Data , Access by the public , Integrity , Methodology

 
Contact
  Dataset contact e-mail Statistical Information Request form
 Contact person Statistical Information Request form,
European Central Bank
 Address PO Box 16 03 19
Frankfurt am Main
Germany, D-60066
 
Data Go to the top of MIR - MFI Interest Rate Statistics.
  Source agency European Central Bank
  Data category MFI Interest Rate Statistics (MIR Statistics)
  Short presentation of data items Statistics on interest rates applied by monetary financial institutions (except central banks and money market funds) to deposits and loans vis-à-vis households and non-financial corporations, both for New Business and for Outstanding Amounts.
  Analytical framework Regulation ECB/2013/34:
https://www.ecb.europa.eu/ecb/legal/pdf/en_l_29720131107en00510072.pdf

Regulation ECB/2014/30:
https://www.ecb.europa.eu/ecb/legal/pdf/oj_jol_2014_205_r_0007_en_txt.pdf

Guideline ECB/2014/15:
https://www.ecb.europa.eu/ecb/legal/pdf/oj_jol_2014_340_r_0001_en_txt.pdf

MFI Interest Rate Statistics Manual:
https://www.ecb.europa.eu/pub/pdf/other/manualonmfiinterestratestatistics_201701.en.pdf?758381975fe1d761d11d244659fd7ee4

Cost of borrowing indicators methodology:
http://www.ecb.europa.eu/stats/pdf/MIR-Costofborrowingindicators-methodologicalnote.pdf?8728f90f2d44cb441a687bfb1b29a0eb
  National currency EUR (million)
  Types of 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.
  Reference period No base period,
Reference periods: months from January 2003 to ongoing.
  Seasonal adjustment No
  Periodicity Monthly
  Timeliness Bank interest rate statistics are published in a monthly press release on the 23th day working day after the end of the reference period.
  Catalog Download the series catalogue (complete list of series) of the dataset MIR (Public) (including the metadata): Excel 2013 or the earlier Excel versions.
 
Access by the public Go to the top of MIR - MFI Interest Rate Statistics.
  Advance dissemination of release calend Release calendar schedule on the ECB’s website:
http://www.ecb.europa.eu/events/calendar/statscal/html/index.en.html
  Means of release Simultaneously to all parties outside the ESCB via:
http://www.ecb.europa.eu/stats/money/interest/interest/html/index.en.html
  News release http://www.ecb.int/press/pr/stats/mfi/html/index.en.html
  Electronic Eurosystem Joint Dissemination (national contributions):
http://www.ecb.europa.eu/stats/money/interest/interest/html/interest_rates_latest.en.html

Statistical Data Warehouse
 
Integrity Go to the top of MIR - MFI Interest Rate Statistics.
  Principal legislation—stat. compl. Council regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank.
  Revision policy Revisions are taken on board to improve data quality, as and when they occur.
  Notification of methodological change Major conceptual / methodological changes take place at large intervals (minimum 5 years) and are explained, at the latest with the revised statistics.
  Means of informing the public www.ecb.europa.eu
 
Methodology Go to the top of MIR - MFI Interest Rate Statistics.
  International / Supranational guidelines ESA2010
  Geographic coverage Euro area Member States
  Sector coverage MFI sector vis-a -vis households (including non-profit institutions serving households) and non-financial corporations.
  Transactions coverage Loans and deposits to the above sectors (households, non-financial corporations) denominated in EUR (except bad loans and loans for debt restructuring granted at rates below market conditions).
  Accounting basis and exceptions 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.
  Types of prices Interest rates expressed in %
  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)
  Grossing / netting procedures Grossing/netting of transactions are not allowed for accounts where both debit and credit balances are possible during one month; these have to be reported separately into the categories overnight deposits and bank overdrafts.
  List indicators used 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.
  Frequency with which source gathered Monthly
  Period used for gathering source data Monthly
  Data checking Logical and plausibility checking
  Aggregation On three levels, first by each individual MFI, secondly by each NCB, thirdly by the ECB.
  Sampling NCBs may chose between census or stratified sampling when determining the actual reporting population. The minimum national sample size has to be such that the maximum random error for interest rates on new business on average over all instrument categories does not exceed 10 basis points at a confidence level of 90%.
  Sample updating NCBs shall check the representativeness of their sample at least once a year.
  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.

For the national aggregate interest rate per instrument category, total business volumes per reporting institution are used as weights, and for euro area aggregate interest rates the national volumes are used, again per instrument category.
  Nature of weights Weighted averages
  Frequency of weight updates Permanent
 
Definition/GlossaryIRF - initial rate fixation