Interest Rate in Malta

Malta Interest Rate | Economic News & Forecasts

Malta - Interest Rate

The impact of the coronavirus pandemic severely hampered economic activity in the first quarter, with GDP growth slowing to 0.5% year-on-year (Q4 2019: +4.8% yoy), an over one-decade low. The deceleration was largely driven by falling exports as the important tourism sector was hammered by lockdowns abroad, while social distancing measures at home crippled private consumption. A pick-up in public expenditure growth cushioned the overall downturn, however. Turning to the second quarter, the scenario has seemingly deteriorated further as containment measures continued to depress domestic demand, while travel restriction has halted tourism. However, since 4 May restrictions are gradually being lifted to reboot the economy, allowing some businesses and shops to reopen as of 22 May.

Malta - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)-     -     -     -     -     

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Malta Interest Rate Chart

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

Malta Facts

Value Change Date
Bond Yield0.433.09 %Dec 30
Exchange Rate1.120.65 %Dec 31

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