Václav Brož, Michal Hlaváček
This article analyses structural changes in the evolution of consumer credit with regard to loan type, maturity category and extent of refinancing. We also examine changes in the interest rate distribution of consumer loans, which is multimodal. We go on to explore the determinants of consumer credit rates and identify growing competition and partially also easy monetary policy as the main determinants of the shift of the distribution of consumer credit rates towards lower client rates.
Issued: June 2018
Download: Thematic article in the Financial Stability Report 2017/2018 (pdf, 256 kB)