Makrognosis

Germany Cost of borrowing for non-financial corporations (new business)

MonthlyNot seasonally adjustedCode DE.BANKRATENFC.M.NSA

Latest3.8%September 2026
Previous3.6%August 2026
Year ago3.3%September 2025
Next release2 Dec 2026expected

Germany Cost of borrowing for non-financial corporations (new business) was 3.8% in September 2026, up 0.2 percentage points from August 2026 and up 0.4 percentage points from a year earlier.

Over the past ten years it has ranged from 1.1% (Mar 2021) to 5.4% (Oct 2023), averaging 2.5%.

The next update is expected on 2 December 2026.

Germany Cost of borrowing for non-financial corporations (new business) (% per annum), Jan 2000 – Sep 20260%2%4%6%200020052010201520202025Robomacro
Germany Cost of borrowing for non-financial corporations (new business) (% per annum), Jan 2000 – Sep 2026. Source: European Central Bank.

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
September 20263.8%
August 20263.6%
July 20263.8%
June 20263.8%
May 20263.5%
April 20263.5%
March 20263.6%
February 20263.4%
January 20263.5%
December 20253.5%
November 20253.3%
October 20253.4%
September 20253.3%
August 20253.2%
July 20253.4%
June 20253.5%
May 20253.5%
April 20253.7%
March 20253.8%
February 20254.1%
January 20254.2%
December 20244.3%
November 20244.5%
October 20244.7%

Last 24 observations. The full history (321 observations) is available through the API.

Get Germany Cost of borrowing for non-financial corporations (new business) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/DE.BANKRATENFC.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/DE.BANKRATENFC.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 2000
Observations321
FrequencyMonthly
Units% per annum
AdjustmentNot seasonally adjusted
10-year high5.4% (Oct 2023)
10-year low1.1% (Mar 2021)
10-year average2.5%
Source agencyEuropean Central Bank
Makrognosis codeDE.BANKRATENFC.M.NSA

Other Germany indicators

Germany GDP (Gross Domestic Product)Germany Gross domestic product, Current prices, million EURGermany Inflation Rate (CPI)Germany Core Inflation RateGermany Unemployment RateGermany 10-Year Government Bond YieldGermany Credit Rating & Sovereign Risk ScoreGermany Industrial ProductionGermany Retail SalesGermany Producer Price Inflation (PPI)Germany Current account balance (BPM6, vs rest of world), not seasonally adjustedGermany Current account balance, % of GDPGermany Trade Balance: Goods & ServicesGermany Exports of goods and services, Current prices, million EURGermany Exports of goods and services, chain-linked volumeGermany Exports of goods, total (World), calendar+seasonally adjusted

FAQ

What is the current cost of borrowing for non-financial corporations (new business) in Germany?
The latest reading is 3.8% for September 2026, published by European Central Bank.
When is the next Germany cost of borrowing for non-financial corporations (new business) release?
The next update is expected on 2 December 2026.
Where does this data come from?
It is collected directly from European Central Bank and is available through the Makrognosis API under the code DE.BANKRATENFC.M.NSA.

Last updated 2026-11-02. Source: European Central Bank. Original title: “Germany - Cost of borrowing for non-financial corporations (new business)”.