Makrognosis

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

MonthlyNot seasonally adjustedCode ES.BANKRATENFC.M.NSA

Latest3.7%September 2026
Previous3.6%August 2026
Year ago3.2%September 2025

Spain Cost of borrowing for non-financial corporations (new business) was 3.7% in September 2026, up 0.1 percentage points from August 2026 and up 0.5 percentage points from a year earlier.

That is the highest reading since February 2025.

Over the past ten years it has ranged from 1.2% (Feb 2022) to 5.2% (Oct 2023), averaging 2.6%.

Spain Cost of borrowing for non-financial corporations (new business) (% per annum), Jan 2000 – Sep 20261%2%3%4%5%6%200020052010201520202025Robomacro
Spain 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 20263.7%
August 20263.6%
July 20263.7%
June 20263.5%
May 20263.5%
April 20263.4%
March 20263.2%
February 20263.3%
January 20263.3%
December 20253.3%
November 20253.3%
October 20253.2%
September 20253.2%
August 20253.2%
July 20253.3%
June 20253.2%
May 20253.4%
April 20253.5%
March 20253.5%
February 20253.9%
January 20253.9%
December 20244.0%
November 20244.2%
October 20244.3%

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

Get Spain 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/ES.BANKRATENFC.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ES.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 high5.2% (Oct 2023)
10-year low1.2% (Feb 2022)
10-year average2.6%
Source agencyEuropean Central Bank
Makrognosis codeES.BANKRATENFC.M.NSA

Other Spain indicators

Spain GDP (Gross Domestic Product)Spain GDP at market prices, current prices, SA+calendarSpain Inflation Rate (CPI)Spain Core Inflation RateSpain Unemployment RateSpain 10-Year Government Bond YieldSpain Credit Rating & Sovereign Risk ScoreSpain Industrial ProductionSpain Retail SalesSpain Producer Price Inflation (PPI)Spain Current account balance (Banco de Espana balance of payments, BE_17_1.1), EUR millionsSpain Current account balance, % of GDPSpain Trade Balance: Goods & ServicesSpain Exports of goods and services, Current prices, million EURSpain Exports of goods and services, chain-linked volumeSpain Exports of goods, total trade (World), seasonally adjusted

FAQ

What is the current cost of borrowing for non-financial corporations (new business) in Spain?
The latest reading is 3.7% for September 2026, published by European Central Bank.
Where does this data come from?
It is collected directly from European Central Bank and is available through the Makrognosis API under the code ES.BANKRATENFC.M.NSA.

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