Interest Rate in Finland
Finland - Interest Rate
Although the economy gained some steam in the third quarter according to comprehensive GDP data, this was largely due to a surge in inventories, and the underlying picture was less positive. Private consumption and fixed investment contracted sharply in the quarter, while exports also declined—likely linked in part to the wider economic slowdown within the Eurozone. Looking to the fourth quarter, while the GDP outturn should have been supported by faster growth among key European trading partners, recent indicators are mixed. On one hand, in October, the unemployment rate remained at a multi-year low and wage growth was robust, while consumer sentiment was fairly upbeat in November. While this should support private consumption, gains could be limited by falling vehicle sales following the introduction of new emissions tests in September. Moreover, the economic sentiment index dipped for the second straight month in November.Finland - Interest Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 0.25 | 0.05 | 0.05 | 0.0 | 0.0 |
Finland Interest Rate Chart
Source: European Central Bank.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.47 | 3.70 % | Jan 14 |
| Exchange Rate | 8.55 | -0.38 % | Jan 14 |
| Stock Market | 3,874 | 0.0 % | Jan 14 |
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Economic News
Finland: Inflation slows in December
January 14, 2019
Consumer prices fell 0.1% in December, contrasting the flat reading for November.
Finland: Inflation decelerates in November
December 14, 2018
Consumer prices were stable in November, contrasting the 0.2% rise in October.
Finland: Another current account deficit in October after a substantial revision to historical data
December 14, 2018
The current account balance was minus EUR 0.17 billion in October, deteriorating from the EUR 0.36 billion deficit in September (previously reported: surplus of EUR 0.10 billion).
Finland: The economy grows at a robust but slower pace in October
December 14, 2018
Economic activity grew a working-day adjusted 2.9% in October compared to the same month a year earlier, down from the revised 3.4% growth in September (previously reported: +3.2% year-on-year). Dynamics were mixed across economic sectors in October, with slowing growth in primary production, which captures the agriculture, forestry and fishing sectors, and secondary production, which includes the manufacturing and construction sectors.
Finland: Economic growth ticks up in Q3 after a good start to 2018
November 30, 2018
Economic growth accelerated in the third quarter of 2018 compared to the second quarter.
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