Money, credit and central bank interest rates is a digital publication produced by European Central Bank and the national central banks of the Eurosystem. The publication aims to make it easier to understand, use and compare euro area and national statistics. It presents the statistics visually, uses reader-friendly terms, is digitally reusable via the embed function and is available in 23 EU languages.
The data are updated in real time and available from the Statistical Data Warehouse.
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Nationale Bank van België/Banque Nationale de Belgique
Money can also take the form of deposits held in bank accounts by people (households) and companies. There are different types of deposit with different maturities, but only those deposits that can be quickly converted into cash or transferred are considered to be money in central banking terms, as they are closely linked to the spending plans of the private sector.
Short-term deposits that can be paid out or transferred without delay, restriction or penalty are called “overnight deposits”. They are typically held on current accounts and used for cashless payments.
Other, slightly less liquid (readily available), types of deposit that are also considered to be money are savings deposits that can be paid out within three months following advance notification, as well as time deposits that have an agreed maturity of up to two years.
Longer-term deposits with a maturity of over two years, or savings deposits redeemable at notice with a notice period of over three months, are not considered to be money because they are rather less liquid and cannot be quickly converted into cash or transferred.
Deposits normally earn interest, which the bank pays to depositors for holding their money. Typically, the longer the bank can hold a deposit before returning it to the depositor, the higher the interest rate on that deposit will be. This influences the investment and saving decisions of households and companies and interest rates are therefore relevant to the analysis of monetary developments.
The statistics on deposit stocks, transactions and annual growth rates, as well as interest rates, are collected by Eurosystem central banks. They are made available on a monthly basis for all euro area countries with various breakdowns.
In [Date 1] the euro area overall interest rate for new deposits from households with an agreed maturity was [Value 1]%. The overall interest rate for new deposits from companies was [Value 2]%.
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