Interest Rate in Spain

Spain Interest Rate | Economic News & Forecasts

Spain - Interest Rate

The economy seems to have maintained momentum in the fourth quarter, following the third quarter’s robust showing which was fueled by a pick-up in consumer spending. A strong rebound in retail sales and a notable acceleration in tourist arrivals in October, coupled with solid readings for the services PMI in October-November, indicate healthy private consumption. Downbeat consumer sentiment in the first two months of the quarter, however, calls for caution. Meanwhile, a mild rebound in industrial production in October and weak PMI readings in October-November point to tepid growth in the manufacturing sector. On the political front, the European Commission expressed concern about the government’s planned increase in spending and skepticism about the viability of current budget targets at the end of November. Furthermore, the ruling Socialist Party’s setback in Andalusian regional elections in early December, together with growing political tensions with Catalan pro-independence parties, pose growing challenges to the party’s political mandate

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 Yield1.445.62 %Jan 11
Exchange Rate1.150.65 %Jan 14
Stock Market8,819-0.74 %Jan 14

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