Interest Rate in Luxembourg

Luxembourg Interest Rate | Economic News & Forecasts

Luxembourg - Interest Rate

Growth decelerated in the first quarter on a broad-based slowdown amid a wider European pullback. Domestically, private consumption lost stride, as households bolstered their savings amid stock-market volatility and greater deposits by British nationals in preparation for Brexit. In addition, fixed investment contracted partly due to subdued construction activity. Meanwhile, although the gloomier external backdrop dragged on exports in Q1, a corresponding fall in import growth cushioned the slowdown. Turning to the second quarter, private consumption likely picked up: Consumer sentiment turned positive in the quarter, while retail sales growth for April nearly doubled Q1’s average. Business confidence, on the other hand, sank deeper into negative territory in Q2 on souring expectations within the industrial sector, likely weighing on capital investment.

Luxembourg - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)-     -     -     -     -     

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Luxembourg Interest Rate Chart

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

Luxembourg Facts

Exchange Rate1.110.65 %Jul 31
Stock Market6290.19 %Jul 31

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