Baltic: Interest rates remain highest in eurozone in November 2023: ECB

The Baltic States continue to have the highest loan interest rates in the eurozone, according to data from the European Central Bank (ECB), ERR reports. The average interest rate in the three Baltic countries was 5.9% at the end of November 2023. The eurozone average stood at 4.1%. Meanwhile, the average interest on consumer loans was 14% in Latvia, which was the highest in the eurozone. Estonia came in second with 13.1% and Lithuania fourth with 9.7%. The eurozone average was 7.9%. Interest rates on corporate loans in the Baltic States were also the highest in the eurozone, amounting to 6.8% in Latvia and 6.5% in both Estonia and Lithuania. The eurozone average was 5.2%. The figures refer to new loans issued by major banks.