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Base rate as per Civil Code / End of month / SU0115

Path :
  1. Interest rates and yields
  2. Central bank interest rates (discount and lombard rates, base rates, ECB interest rates)
  3. Discount and lombard rates, base rates
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBIN1.M.DE.BBK.BBKBAS2.EUR.ME
Unit % p.a.
Dimension one
Timespan from 2002-01 to 2024-05
Last update 30.04.2024 01:03:35 PM
   
General The base rate pursuant to section 247 of the Civil Code has replaced the base rate as per Discount Rate Transition Act (time series BBK01:SU0114) from January 2002 wherever the latter is used as a reference variable for interest and other payments in Federal legislation (in the field of civil law and judical procedural law), in state legislation (as stipulated in the Act introducing the Civil Code) or in executory instruments and contracts based on such regulations. Starting at 3.62%, it is adjusted on 1 January and 1 July of each year (for the first time on 1 January 2002) by the percentage points by which the reference variable (ECB's most recent main refinancing operation, marginal rate) has increased or decreased since the last change in the base rate. Pursuant to Article 4, section 1 of the Act on the Amendment of Provisions concerning the Evaluation of Insurance Enterprises' Capital Investment, the Discount Rate Transition Act and the Regulation Governing the Use of the Base Rate as a Reference Variable have been repealed. Pursuant to Article 4 section 2 of the same Act, from 4 April 2002 the discount rate and the base rate under the Discount Rate Transition Act were replaced by the base rate pursuant to section 247 of the Civil Code. This means that, from 4 April 2002, the base rate pursuant to the Discount Rate Transition Act finally ceases to have any relevance to any claims arising from that date onwards. Therefore, holders of claims, to which the base rate under the Discount Rate Transition Act still applied after 1 January 2002, have to adjust their calculation of interest immediately with the entry into force of the Act on the Amendment of Provisions concerning the Evaluation of Insurance Enterprises' Capital Investment and the Repeal of the Discount Rate Transition Act.
   
Comment on 2024-01 From 1 Jan 3.62%
Comment on 2023-07 From 1 July 3.12%
Comment on 2023-01 From 1 Jan 1.62%
Comment on 2022-07 From 1 July unchanged -0.88%
Comment on 2022-01 From 1 Jan unchanged -0.88%
Comment on 2021-07 From 1 July unchanged -0.88%
Comment on 2021-01 From 1 Jan unchanged -0.88%
Comment on 2020-07 From 1 July unchanged -0.88%
Comment on 2020-01 From 1 Jan unchanged -0.88%
Comment on 2019-07 From 1 July unchanged -0.88%
Comment on 2019-01 From 1 Jan unchanged -0.88%
Comment on 2018-07 From 1 July unchanged -0.88%
Comment on 2018-01 From 1 Jan unchanged -0.88%
Comment on 2017-07 From 1 July unchanged -0.88%
Comment on 2017-01 From 1 Jan unchanged -0.88%
Comment on 2016-07 From 1 July -0.88%
Comment on 2016-01 From 1 Jan unchanged -0.83%
Comment on 2015-07 From 1 July unchanged -0.83%
Comment on 2015-01 From 1 Jan -0.83%
Comment on 2014-07 From 1 July -0.73%
Comment on 2014-01 From 1 Jan -0.63%
Comment on 2013-07 From 1 July -0.38%
Comment on 2013-01 From 1 Jan -0.13%
Comment on 2012-07 From 1 July unchanged 0.12%
Comment on 2012-01 From 1 Jan 0.12%
Comment on 2011-07 From 1 July 0.37%
Comment on 2011-01 From 1 Jan unchanged 0.12%
Comment on 2010-07 From 1 July unchanged 0.12%
Comment on 2010-01 From 1 Jan unchanged 0.12%
Comment on 2009-07 From 1 July 0.12%
Comment on 2009-01 From 1 Jan 1.62%
Comment on 2008-07 From 1 July 3.19%
Comment on 2008-01 From 1 Jan 3.32%
Comment on 2007-07 From 1 July 3.19%
Comment on 2007-01 From 1 Jan 2.70%
Comment on 2006-07 From 1 July 1.95%
Comment on 2006-01 From 1 Jan 1.37%
Comment on 2005-07 From 1 July 1.17%
Comment on 2005-01 From 1 Jan 1.21%
Comment on 2004-07 From 1 July 1.13%
Comment on 2004-01 From 1 Jan 1.14%
Comment on 2003-07 From 1 July 1.22%
Comment on 2003-01 From 1 Jan 1.97%
Comment on 2002-07 From 1 July 2.47%
Comment on 2002-01 From 1 Jan 2.57%
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