Interest Rate in Spain

Spain Interest Rate | Economic News & Forecasts

Spain - Interest Rate

The economy gained steam in the final stretch of 2018 as quarterly growth in Q4 picked up a notch from a solid Q3 outturn, sharply contrasting the mediocre performance in the Eurozone overall. The pick-up was largely underpinned by a strong rebound in exports and multi-year high growth in public spending. Slower private consumption and a contraction in fixed investment weighed on the headline figure, however. Meanwhile, available data suggests that the solid momentum carried over into 2019: In January, the composite PMI hit a seven-month high, largely reflecting improved business conditions in the manufacturing industry, while economic sentiment bounced back from an over two-year low. In the political arena, on 15 February, Prime Minister Pedro Sánchez called a snap general election for 28 April after Catalan pro-independence parties, which had backed his government previously, joined with the opposition to reject his draft 2019 budget two days earlier.

Spain - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)0.25  0.05  0.05  0.0  0.0  

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Spain Interest Rate Chart

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

Spain Facts

Bond Yield1.125.62 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market9,172-0.74 %Mar 11

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