Interest Rate in Finland

Finland Interest Rate | Economic News & Forecasts

Finland - Interest Rate

The economy appears to have cooled slightly in the second quarter of the year, after quarter-on-quarter growth accelerated in Q1. A monthly survey conducted by the European Commission found that Finnish business and consumer confidence moderated to the lowest level in nearly three years in June, and the average reading for Q2 was notably below that for Q1. Moreover, economic activity fell in May compared to the previous month, after mildly increasing in April. On the external front, the value of the merchandise trade balance swung to a deficit in April?May, from a surplus in the same period a year earlier. In better news, the unemployment rate remained unchanged at an over one-decade low in May, highlighting the robustness of Finland’s labor market.

Finland - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)0.25  0.05  0.05  0.0  0.0  

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Finland Interest Rate Chart


Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Finland Facts

ValueChangeDate
Bond Yield-0.183.70 %Jul 31
Exchange Rate8.86-0.38 %Jul 31
Stock Market3,9090.0 %Jul 31

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Economic News

  • Finland: Current account surplus widens in June

    August 15, 2019

    The current account balance improved to a EUR 0.8 billion surplus in June from the revised EUR 0.6 billion surplus in May (previously reported: surplus of EUR 0.3 billion). In the 12 months leading up to June, the current account balance totaled a EUR 1.5 billion deficit, marking an improvement over the EUR 3.4 billion deficit in May. The trade balance improved to a EUR 0.4 billion surplus in June from the EUR 0.1 billion surplus in May.

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  • Finland: Economic activity growth surges in June

    August 14, 2019

    Economic activity grew a working-day adjusted 2.2% in June compared to the same month a year earlier, up from May’s 0.8% increase.

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  • Finland: Inflation slows in July

    August 14, 2019

    Consumer prices fell 0.3% in July compared to the previous month, contrasting the 0.1% increase in June.

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  • Finland: Economic growth slows in May

    July 16, 2019

    Economic activity grew a working-day adjusted 0.8% in May compared to the same month a year earlier, down from April’s substantially revised 1.8% growth reading (previously reported: +2.8% year-on-year).

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  • Finland: Current account balance rebounds in May from April’s record low

    July 15, 2019

    The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance. In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April. The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April.

    Read more

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