Interest Rate in Finland
Finland - Interest Rate
Momentum waned somewhat in Q3, according to preliminary national accounts data. Economic activity growth slowed on average in monthly terms in Q3, as did retail sales, although industrial output rose at a marginally higher pace. Prospects for Q4 are mixed: In October, economic sentiment hit its highest level since at least February 1990, although consumer confidence dropped to a five-month low, likely due to higher price pressures and a slowdown in job creation at the end of Q3. Meanwhile, on 5 November, Scope Ratings affirmed the country’s ‘AA+’ rating with a stable outlook, citing the economy’s resilience and high government debt affordability. That said, the agency highlighted moderate growth potential and increasing fiscal pressures due to an aging population as threats. Lastly, on 10 November, the country reached its target to fully vaccinate 80% of the population, although current restrictions will remain in place and the use of the Covid-19 pass will be extended.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 growth speeds up to three-month high in September
November 16, 2021
Economic activity rose to a three-month high of 5.0% year-on-year in working-day adjusted terms in September, accelerating from August’s 4.3% increase.
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Finland: Inflation comes in at highest level in nearly a decade in October
November 15, 2021
Consumer prices rose 0.75% from the previous month in October, accelerating from the 0.31% rise recorded in September.
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Finland: Current account surplus widens notably in September
November 12, 2021
The current account recorded a EUR 1.1 billion surplus in September, widening markedly from September 2020’s EUR 0.1 billion surplus, and from August’s EUR 0.4 billion surplus.
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Finland: Economic activity growth eases in August but remains solid
October 15, 2021
Economic activity increased 4.6% year-on-year in working-day adjusted terms in August, which followed July's 5.3% increase.
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Finland: Inflation comes in at highest level since October 2012 in September
October 14, 2021
Consumer prices rose 0.31% in September over the previous month, accelerating from the 0.23% increase recorded in August.
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