Interest Rate in Finland

Finland - Interest Rate
Following Q4’s softer economic expansion due to slower private spending growth, the economy likely weakened in Q1 2022. Economic activity in January and February contracted in monthly terms amid rising inflation and a weak industrial sector. In March, the war in Russia likely hit trade and consumer spending and drove up production costs. That said, a healthy labor market should have supported the services sector. In politics, following Russia’s invasion of Ukraine, support to join NATO reached a historic high and a discussion on the topic was recently brought to parliament. Some analysts expect Finland to submit its bid for membership before NATO’s 29 June summit, a move which would antagonize Russia but strengthen regional ties. Moreover, in April, the government announced an over EUR 2 billion boost to defense spending over the next several years.Finland - Interest Rate Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Policy Interest Rate (%) | 0.05 | 0.0 | 0.0 | 0.0 | 0.0 |
Finland Interest Rate Chart

Source: European Central Bank.
Finland Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.03 | 3.70 % | Dec 30 |
Exchange Rate | 8.78 | -0.38 % | Jan 01 |
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Economic News
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Finland: Current account deficit deepens in March
May 13, 2022
The current account recorded a EUR 1.2 billion deficit in March, deteriorating from the EUR 0.3 billion deficit clocked in February- March 2021: EUR 0.7 billion deficitMeanwhile, in the 12 months leading up to March, the current account posted a EUR 0.7 billion surplus, compared to the EUR 1.2 billion surplus booked in February. The merchandise trade balance deteriorated from the previous month, recording a EUR 0.5 billion deficit in March (February 2022: EUR 0.3 billion deficit).
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Finland: Inflation drops in April but remains elevated
May 13, 2022
Consumer prices increased 0.32% in April over the previous month, moderating from March's 1.45% increase.
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Finland: Inflation comes in at highest level since August 1990 in March
April 14, 2022
Consumer prices increased 1.45% over the previous month in March, accelerating from February's 0.51% increase.
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Finland: Economic activity growth slows in February
April 14, 2022
Economic activity expanded 2.9% year-on-year in working-day adjusted terms in February, which was a deterioration from January's 3.1% increase.
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Finland: Current account swings to deficit in February
April 12, 2022
The current account posted a EUR 0.1 billion deficit in February, deteriorating from the EUR 0.1 billion surplus recorded in January (February 2021: EUR 0.2 billion surplus).