The Bank of Lithuania published a comparison of interest rates on loans of Lithuanian and euro area credit institutions (banks and credit unions) and deposits with agreed maturity (term deposits) in December 2023. It shows that:

• at the end of the year, loan interest rates in Lithuania remained among the highest, but the situation was better than in September 2023 compared to other euro area countries;
• in Lithuania, interest rates on household deposits with agreed maturity increased between September and December 2023, but those to non-financial corporations fell, remaining below the euro area average;

• interest rates on loans granted by credit institutions operating in Lithuania to non-financial corporations narrowed by 0.08 percentage points in three months to 6.35%, their euro area average went up by 0.1pp to 5.15%;
• interest rates on loans for house purchases granted by credit institutions operating in Lithuania to households decreased by 0.18pp in three months to 5.62%, and their euro area average went up by 0.7pp, amounting to 4.00%;
• interest rates on loans for consumption granted by credit institutions operating in Lithuania to households increased by 0.04pp in three months to 9.68%, their euro area average went down by 0.18pp to 7.70;
• interest rates on loans for other purposes granted by credit institutions operating in Lithuania to households rose by 0.44pp in three months to 7.98%, their euro area average went down by 0.11pp to 5.28%;
• interest rates on deposits with an agreed maturity of non-financial corporations held with credit institutions operating in Lithuania decreased by 0.07pp in three months to 3.41%, and their euro area average went up by 0.13pp to 3.72%;
• interest rates on household deposits with agreed maturity held with credit institutions operating in Lithuania rose by 0.08pp in three months to 3.53%, and their euro area average went up by 0.21pp to 3.29%.

Find more detailed data on the ECB Data Portal.