Finland - Lending Rate





Finland: Lending Rate

Mnemonic IRLEND.IFIN
Unit %, NSA
Adjustments Not Seasonally Adjusted
Monthly
Data Mar 2019 2.67
Feb 2019 2.73

Series Information

Source Bank of Finland
Release Interest Rates
Frequency Monthly
Start Date 1/31/2003
End Date 3/31/2019

Finland: Markets

Reference Last Previous Units Frequency
Average Long-term Government Bond 17 May 2019 0.23 %, NSA Business Daily
Stock Market Index 16 May 2019 9,280 9,100 Index Dec 28 1990=1000, NSA Business Daily
Lending Rate Mar 2019 2.67 2.73 %, NSA Monthly
Money Market Rate Apr 2018 -0.33 -0.33 % p.a., NSA Monthly

Release Information

This section contains statistical data on loans granted and deposits received by monetary financial institutions (MFIs) resident in Finland, and the respective interest rates. Data is also shown on the aggregated balance sheet of MFIs and the contribution of Finnish MFIs to euro area monetary aggregates. The data is collected monthly, directly from MFIs that comprising of the Bank of Finland, deposit banks, other credit institutions and money market funds.

Data on euro-denominated loans to and deposits from households and non-financial corporations are broken down by various classifications and shown in more detail than other balance sheet items. In addition to outstanding amounts, flow data, derived annual growth rates are shown, as well as monthly data on new business on loans. Household loans are also broken down by end-use of the loan. As regards loans to and deposits from general government and financial corporations (excluding MFIs), the statistics published reflect the main developments.

Data on new business includes all new agreements concluded within the month, including agreements concluded as a result of renegotiating the terms and conditions of existing loans. New drawdowns of loans include all loans drawn down within the month, irrespective of agreement date.

Households also include non-profit institutions serving households (excluding new drawdowns, which exclude non-profit institutions serving households); non-financial corporations also include housing corporations.

Finnish benchmark government bond yields are calculated as averages of the bid rates quoted by primary dealers on the Reuters system daily at 1.00 pm Finnish time. As from 1 June 2007, the five-year yield on benchmark government bonds is based on quotations for a fixed-rate bullet serial bond maturing on 15 September 2012, and as from 1 May 2008 the ten-year yield is based on quotations for a fixed-rate bullet serial bond maturing on 4 July 2019. More detailed information on the primary dealer system for benchmark government bonds can be obtained from the State Treasury's website. Euro area ten-year government bond yields are calculated in the ECB. Until December 1998, euro area yields were calculated on the basis of harmonised national government bond yields weighted by GDP. Thereafter, the weights have been the nominal outstanding amounts of government bonds.

Some previous month data are occasionally revised.

In addition to new loans, new business includes agreements concluded as a result of renegotiating the terms and conditions of existing loans. New business does not include overdrafts. Non-financial corporations also include housing corporations.