Interest Rate in Croatia

Croatia Interest Rate | Economic News & Forecasts

Croatia - Interest Rate

Available data hints that the economy gathered pace somewhat in the third quarter, after activity waned in the prior quarter on softer domestic demand. The labor market continued to improve, with wages growing solidly in July–August and the unemployment rate falling to a new all-time low in Q3. This, combined with retail sales holding resilient and consumer sentiment rising throughout the quarter, alludes to upbeat household spending. The external sector, however, with a sharp decline in merchandise exports in August and slowing tourist arrivals in the quarter, may have weighed on overall activity. In other news, Parliament approved the 2020 budget in mid-November, envisioning a fiscal surplus of 0.2% of GDP, despite including wage increases demanded by education-sector workers recently, on a projected growth rate of 2.5%—slightly above our Consensus.

Croatia - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)7.00  7.00  3.00  3.00  3.00  

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Croatia Interest Rate Chart

Croatia Interest Rate
Note: CNB Discount Rate rate in %.
Source: Crotia Central Bank.

Croatia Facts

Bond Yield0.660.0 %Nov 21
Exchange Rate6.73-0.54 %Nov 21
Stock Market2,001-0.48 %Nov 21

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