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Study on Bank Interest Rates in the European Union

Author

Listed:
  • Irena Munteanu

    (“Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

  • Amelia-Elena Petrică

    (“Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

The study of interest rates is a topic of interest to financial analysts, investors, the public, managers in the banking system and the monetary authority. The paper adds to the group of studies investigating the evolution of bank lending rates under the influence of monetary policy decisions. The issue is significant for the economy because more than 70 percent of private credit is provided through the banking system and as a result its movement has effects on financial stability. A large part of non-government credit is provided by banks and the change in interest rates to the private sector is consumer credit. The study examines the monetary policy interest rate for EU countries, as well as the spread between the lending and deposit facility interest rates. Interest rates on loans falling due were analysed and the maximum and minimum values were highlighted. The high volatility of these rates at present makes our study topical.

Suggested Citation

  • Irena Munteanu & Amelia-Elena Petrică, 2022. "Study on Bank Interest Rates in the European Union," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 921-927, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:921-927
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    More about this item

    Keywords

    monetary policy interest rate; banking system; spread;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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