Interest Rate in Finland
Finland - Interest RateEconomic growth slowed marginally in the third quarter, according to revised GDP data. The slight slowdown came in part from a decrease in government spending, while the external sector continued to drag on the economy, albeit to a lesser extent than in the second quarter. More positively, both private consumption and fixed investment picked up in Q3. Turning to the fourth quarter, available data indicates a further slowing of momentum as economic activity declined month-on-month in October. Moreover, growth in real wages slowed in the same month, which may drag on private consumption. In other news, Sanna Marin, the former transport minister, became Finland’s new prime minister on 10 December, following Antti Rinne’s resignation. Marin will head a coalition of five left-leaning parties and no significant change in economic policy direction is foreseen.
Finland - Interest Rate Data
|Policy Interest Rate (%)||0.25||0.05||0.05||0.0||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Finland Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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January 15, 2020
Economic activity grew a working-day adjusted 2.3% in November from the same month a year earlier, up from October’s revised 1.9% reading (previously reported: +1.5% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The uptick in November came on the back of a rebound in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which had slumped in the previous month.
January 14, 2020
Consumer prices rebounded 0.1% in December compared with the previous month, reversing November’s 0.1% downtick.
January 13, 2020
The current account surplus tightened to EUR 0.2 billion in November from a revised EUR 1.0 billion in October (previously reported: EUR 0.5 billion).
December 13, 2019
Economic activity grew a working-day adjusted 1.5% in October from the same month a year earlier, down from September’s revised 2.1% reading (previously reported: +0.8% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The moderation in October came on the back of decreased activity in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which slumped this month and thus weighed on the overall reading.
December 13, 2019
The current account surplus widened to EUR 0.5 billion in October from a revised EUR 0.3 billion in September (previously reported: EUR 0.5 billion).