Interest Rate in Croatia
Croatia - Interest RateThe economy appears to have lost some momentum in Q2, albeit on the heels of a stronger-than-expected upturn in Q1. After growing robustly in April, industrial production nearly stagnated in May, weighed on by falling manufacturing output. Moreover, despite the unemployment rate tumbling to a record low in Q2, a sharp slowdown in real wage growth in May coupled with a fall in retail sales in the same month, the first in nearly five years, hint that household spending may have waned in Q2. Meanwhile, in early July, officials submitted a letter of intent to join the ERM-II, a prerequisite to adopting the euro. However, several reforms—mainly within the banking and public sectors—need to be implemented before formal ERM-II entry, a process which could take about a year. Thus, Croatia is not set to enter ERM-II until mid-2020, after which the country must remain there for at least another two years satisfying the exchange rate criteria. Eurozone membership is envisaged in 2023 at the earliest.
Croatia - Interest Rate Data
|Policy Interest Rate (%)||7.00||7.00||3.00||3.00||3.00|
5 years of economic forecasts for more than 30 economic indicators.
Croatia Interest Rate Chart
Source: Crotia Central Bank.
|Bond Yield||1.13||0.0 %||Jul 31|
|Exchange Rate||6.67||-0.54 %||Jul 31|
|Stock Market||1,912||-0.48 %||Jul 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 16, 2019
Consumer prices declined 0.5% from the previous month in July, following the 0.3% dip recorded in June.
July 30, 2019
In June, industrial production plunged 5.6% in working-day adjusted terms over the same month last year, contrasting May’s soft 0.2% expansion.
July 16, 2019
Consumer prices fell 0.3% from the previous month in June, contrasting the 0.6% increase recorded in May.
June 28, 2019
In May, industrial production rose an anemic 0.2% in working-day adjusted terms over the same month last year, following April’s robust 3.0% expansion.
May 31, 2019
In April, industrial production rose a solid 3.0% in working-day adjusted terms over the same month last year, matching March’s expansion.