Interest Rate in Portugal

Portugal Interest Rate | Economic News & Forecasts

Portugal - Interest Rate

External headwinds weighed on the economy’s performance in the third quarter, with quarter-on-quarter GDP growth slipping to an over three-year low. Merchandise export growth remained lackluster in Q3, underpinned by reduced sales of fuels and lubricants—the country’s top export goods. Weak external demand has also dented industrial production, which contracted at the sharpest pace since late 2012. Domestic demand, however, improved in Q3, according to the preliminary estimate. Higher imports of capital goods in the quarter suggest fixed investment fueled the upturn, while a fall in retail sales growth signals private consumption lost steam. Meanwhile, on the political front, Prime Minister António Costa’s minority government, which was sworn in on 26 October, has opted to govern alone and try to win majority support from other parties on a bill-by-bill basis. While the party has more seats than the previous legislature, the strategy raises the risks of instability.

Portugal - Interest Rate Data

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

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Portugal Interest Rate Chart


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

Portugal Facts

ValueChangeDate
Bond Yield0.43-1.90 %Nov 21
Exchange Rate1.110.65 %Nov 21
Stock Market5,173-0.02 %Nov 21

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