- Multiple series have increased this month due to the Bank rate rise at the beginning of November;
- Effective rates on new individual other loans have all increased, the fixed 1-5 years rate increased by 64bps from 7.30% to 7.94%.
Table A: Effective interest rates paid/received on individual's balances by UK MFIs (excluding central bank)
Per cent
Not seasonally adjusted
Outstanding | New business | |||||||||
Sight deposits |
Time deposits |
Other loans |
Secured loans |
Time deposits |
Other loans |
Secured loans |
||||
Z6IQ | Z6IW | Z6KO | Z6K6 | Z6IH | Z6K5 | Z6JM | ||||
2017 | Aug | 0.35 | 0.86 | 7.12 | 2.53 | 1.04 | 7.05 | 2.00 | ||
Sep | 0.36 | 0.85 | 7.15 | 2.52 | 1.11 | 7.18 | 1.97 | |||
Oct | 0.36 | 0.84 | 7.11 | 2.50 | 1.15 | 7.03 | 1.92 | |||
Nov | 0.37 | 0.82 | 7.10 | 2.50 | 1.15 | 7.83 | 1.99 |
Table B: Effective interest rates paid/received on PNFC balances by UK MFIs (excluding central bank)
Per cent
Not seasonally adjusted
Outstanding | New business | ||||||
Sight deposits |
Time deposits |
Loans |
Time deposits |
Loans |
|||
HSCT | HSCU | HSDC | BJ72 | BJ82 | |||
2017 | Aug | 0.15 | 0.44 | 2.79 | 0.24 | 2.39 | |
Sep | 0.14 | 0.42 | 2.81 | 0.29 | 2.41 | ||
Oct | 0.14 | 0.43 | 2.82 | 0.31 | 2.39 | ||
Nov | 0.23 | 0.49 | 2.91 | 0.53 | 2.57 |