Interest Rate in Malta
Malta - Interest RateThe 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
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Malta Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.43||3.09 %||Dec 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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