The data displays the half-year value of the statutory interest rate in the Netherlands from January 2013 to January 2018. Statutory interest rate is the interest due as a compensation for losses due to delays for an obligation to pay a sum of money. In other words, it is a rate a creditor can demand by law from a defaulting debtor. This is different then, for example, the long-term interest rate, or yield on ten-year government bonds, in the Netherlands or the interest rate for new mortgages. Statutory interest for commercial transactions applies to deliveries to companies and the government, whilst in the case of deliveries to consumers the statutory interest rate for non-commercial transactions applies.
