Interest Rate in Finland
Finland - Interest Rate
The economy contracted again in Q2, although at a much slower pace than in most European economies, as the Covid-19 pandemic took its toll. Households increased precautionary savings and cut their spending, while international trade slumped in Q2, due to restrictions and disrupted supply chains. Turning to Q3, available data hints that a recovery is underway: The indicator for economic activity continued to improve in July, with its best reading since January, while sales continued to expand in annual terms in the same month, hinting at strengthening domestic demand. However, in August the unemployment rate rose to its highest level since May 2018, while consumer confidence slumped, which could dampen spending ahead. On the political front, in early September the government included an additional EUR 60 million in its fifth supplementary budget proposal for 2020 to help with the costs of the pandemic.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: Economic activity declines at steeper pace in August
October 15, 2020
Economic activity decreased 3.3% year-on-year in working-day adjusted terms in August, down from July’s 2.7% drop.
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Finland: Inflation ticks down in September
October 14, 2020
Consumer prices remained flat in September over the previous month, after the mild 0.02% increase recorded in August.
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Finland: Current account records surplus in August
October 13, 2020
The current account recorded a EUR 0.3 billion surplus in August, matching the surplus recorded in August last year, and swinging from the EUR 0.1 billion deficit recorded in the prior month.
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Finland: Decline in economic activity softens further in July
September 15, 2020
Economic activity decreased 2.8% year-on-year in working-day adjusted terms in July.
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Finland: Inflation decreases slightly in August
September 14, 2020
Consumer prices ticked up a mild 0.02% in August over the previous month, following the 0.36% increase recorded in July.
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