Interest Rate in Malta

Malta Interest Rate | Economic News & Forecasts

Malta - Interest Rate

The economy shifted into a lower gear in Q2, with GDP growth cooling to 4.0% from Q1’s 5.4%. A considerable slowdown in domestic demand was behind the deceleration: Fixed investment growth almost stalled, likely hit by Brexit uncertainty and a deteriorating external backdrop, while government consumption slowed sharply. Growth in consumer spending also moderated, but to a lesser extent, supported by low interest rates, a tight labor market and sustained wage growth. Data for Q3 is mixed: The unemployment rate remained at a record-low in July, while both business and consumer confidence recovered some lost ground in July-August. Tourist arrivals, however, continued to slow markedly in July. On the fiscal front, the budget deficit in the first seven months of the year broadly matched 2018’s figure, as notably higher recurrent and capital government spending was matched by soaring tax revenue.

Malta - Interest Rate Data

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

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

Malta Facts

Bond Yield0.143.09 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market4,7990.36 %Sep 04

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