Interest Rate in Spain

Spain Interest Rate | Economic News & Forecasts

Spain - Interest Rate

The economy continued to expand in Q3, although at a slower-than-expected pace. A significant improvement in external demand amid rising tourist inflows supported activity, while a decline in household spending due to increasing inflation and soaring energy prices weighed on the reading. The recovery should have carried over into Q4, as suggested by improving sentiment and a still-robust PMI reading in October. That said, the PMI did decline somewhat, and spiking price pressures amid ongoing global supply bottlenecks are likely restraining the pace of growth. In politics, the government recently announced it will hike social security contributions going forward, in a bid to make the public pension system somewhat more sustainable, although this will increase labor costs. Meanwhile, much uncertainty lingers over the future of labor market legislation due to disagreements within the ruling coalition.

Spain - Interest Rate Data

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

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Spain Interest Rate Chart

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

Spain Facts

Value Change Date
Bond Yield0.465.62 %Dec 31
Exchange Rate1.120.65 %Dec 31

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