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ADMINISTRATIVE INFORMATION
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Title |
MFI Interest Rate Statistics (MIR Statistics) |
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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. |
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Contact email address |
Statistical Information Request form |
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Contact organisation |
European Central Bank |
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TECHNICAL INFORMATION
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Dataset last update in SDW |
2023-09-05 17:02:02 |
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Catalog |
Download the series catalogue of the dataset MIR in CSV format, i.e. full list of series and associated metadata: Excel 2013 (zipped) or the earlier Excel versions. |
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LEGAL AND INSTITUTIONAL ENVIRONMENT
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Legal acts and other agreements |
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 Guideline ECB/2021/11 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02021O0830-20220201 Council regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:31998R2533&from=EN ECB legal framework: https://www.ecb.europa.eu/ecb/legal/1005/1021/html/index.en.html |
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SCOPE
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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. |
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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. |
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Reference area coverage |
Euro area Member States |
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Sector coverage |
MFI sector vis-à-vis households (including non-profit institutions serving households) and non-financial corporations. |
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METHODOLOGICAL INFORMATION
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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 |
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Time period |
Months from January 2003 to ongoing |
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Base period |
No base period |
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Frequency of data collection |
Monthly |
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Classification system |
ESA2010 |
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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. |
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Statistical unit |
For interest rates: percent per annum For business volumes: national currency |
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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 |
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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) |
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STATISTICAL PROCESSING
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Data validation |
Verification of processing |
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Data revision - policy |
Revisions are taken on board to improve data quality, as and when they occur. |
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Data revision - practice |
Permanent |
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QUALITY
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Quality management |
Logical and plausibility checking |
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DISSEMINATION
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Release policy - release calendar |
Release calendar schedule on the ECB"s website: https://www.ecb.europa.eu/press/calendars/statscal/html/index.en.html |
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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 |
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Dissemination format - other formats |
For the main page of MIR statistics on the ECB"s website, see: https://www.ecb.europa.eu/stats/financial_markets_and_interest_rates/bank_interest_rates/mfi_interest_rates/html/index.en.html |
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Documentation on methodology |
MFI Interest Rate Statistics Manual: https://www.ecb.europa.eu/pub/pdf/other/manualonmfiinterestratestatistics_201701.en.pdf?758381975fe1d761d11d244659fd7ee4 Cost of borrowing indicators methodology: https://www.ecb.europa.eu/stats/pdf/MIR-Costofborrowingindicators-methodologicalnote.pdf?8728f90f2d44cb441a687bfb1b29a0eb |
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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. |
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MISCELLANEOUS
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Metadata last update |
17/OCT/2022 18:59:39 |
