The average interest rate on long-term loans to non-financial corporations fell to 2.68 from 3.02%.
Interest rates on term deposits up to one year settled slightly higher in the fourth quarter of 2021 than the record high they had seen in the previous quarter, according to the bank.
The rate for households was 0.11%; for non-financial corporations it was 0.10% and the interest rate on term deposits over one year was 1.32% for households and 0.44% for non-financial corporations .
Interest rates on time deposits from households and non-financial corporations last exceeded 2% in 2012
The interest rate on new housing loans issued by credit institutions with mortgages stood at 1.97%, 0.25 percentage points lower than a year earlier, in fact the lowest historical.
The interest rate on new housing loans from creditors of 11.72% was the lowest in six years (i.e. since the Bank of Estonia started collecting the relevant data) .
The average interest rate on home loans granted with a mortgage by monetary financial institutions in the euro zone stood at 1.31% in December, 0.4 percentage point lower than a year earlier.
Interest rates in Estonia have averaged 0.5 percentage point higher than those in the euro zone over the past five years, according to the Bank of Estonia.
The interest rate on new consumer loans and leases other than car leases issued by credit institutions and associated leasing companies was 11.5%, or 2.5 percentage points of less than in the fourth quarter of 2020.
The interest rate from other creditors stood at 20.3% and the interest rate on credit card loans issued by credit institutions fell for the third consecutive quarter, to 18.7%.
The interest rate on new car leasing sales by lending institutions and associated leasing companies stood at 2.48%, the lowest level in the past two and a half years. The interest rate on car leases from other creditors was 20.3%, 0.9 percentage points lower than the previous quarter and 3.5 percentage points lower than a year earlier.
The Bank of Estonia says it will publish interest rate statistics for the first quarter of 2022 on May 19.
The complete Bank of Estonia coin is here.