Interest Rate in Finland
Finland - Interest RateThe economy slowed in quarter-on-quarter terms in the first quarter of this year, according to preliminary data. Although comprehensive figures will only be released on 29 May, monthly data suggests persistently weak investment constrained the economy. Construction activity, for example, decreased in both January and March in month-on-month terms. On the other hand, private consumption was likely resilient thanks to the lower unemployment rate. Q1’s slowdown was corroborated by the European Commission’s measure of the Finnish business cycle, which reported the lowest reading in March since July 2016. Meanwhile, in politics, the Social Democrats are in talks to form a coalition government with the Center Party, the Green Party, the Left Alliance and the Swedish People’s Party, which, if successful, would see the five-party center-left group hold 117 seats in the 200-seat parliament.
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||0.09||3.70 %||Jun 11|
|Exchange Rate||8.72||-0.38 %||Jun 14|
|Stock Market||3,901||0.0 %||Jun 14|
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June 14, 2019
The current account balance slumped to a EUR 4.2 billion deficit in April, deteriorating from March’s revised EUR 0.24 billion shortfall (previously reported: EUR 0.47 billion deficit) and representing the lowest reading since contemporary records began in January 2006. The main reason for April’s slump was a massive downturn in the primary income account balance, which was itself caused by a strong increase in investment income debits on the back of international company restructurings at the end of last year. In the 12 months leading up to April, the current account balance totaled a EUR 5.3 billion deficit, representing a deterioration from the EUR 1.9 billion shortfall in March. The trade balance fell to a EUR 0.2 billion deficit in April, contrasting the EUR 0.2 billion surplus in March.
June 14, 2019
Consumer prices fell 0.2% in May compared to the previous month, contrasting the 0.6% rise logged in April.
May 29, 2019
Economic growth slowed to 0.2% in seasonally-adjusted quarter-on-quarter terms in Q1 2019, according to a second GDP release by Statistics Finland.
May 15, 2019
The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit).
May 14, 2019
Consumer prices rose 0.6% in April compared to the previous month, up from 0.1% in March.