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ADMINISTRATIVE INFORMATION
  Title MFI Interest Rate Statistics (MIR Statistics)
  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.
  Contact email address Statistical Information Request form
 
LEGAL AND INSTITUTIONAL ENVIRONMENT
  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
Council regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank: 
https://www.ecb.europa.eu/ecb/legal/pdf/oj_jol_2014_340_r_0001_en_txt.pdf
ECB legal framework:
https://www.ecb.europa.eu/ecb/legal/1005/1021/html/index.en.html
 
SCOPE
  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.
  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.
  Reference area coverage Euro area Member States
  Sector coverage MFI sector vis-à-vis households (including non-profit institutions serving households) and non-financial corporations.
 
METHODOLOGICAL INFORMATION
  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
  Time period Months from January 2003 to ongoing
  Base period No base period
  Frequency of data collection Monthly
  Classification system ESA2010
  Statistical unit For interest rates: percent per annum
For business volumes: national currency
  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
  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)
 
STATISTICAL PROCESSING
  Data validation Verification of processing
  Data revision - policy Revisions are taken on board to improve data quality, as and when they occur.
  Data revision - practice Permanent
 
QUALITY
  Quality management Logical and plausibility checking
 
DISSEMINATION
  Release policy - release calendar Release calendar schedule on the ECB"s website:
https://www.ecb.europa.eu/press/calendars/statscal/html/index.en.html
  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
  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
  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
  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.
 
MISCELLANEOUS
  Metadata last update 13/DEC/2018 11:38:19

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