La sagrada familia in Spain

Spain Interest Rate

Spain Interest Rate

ECB Refinancing Rate in Spain

The ECB Refinancing Rate ended 2022 at 2.50%, up from the 0.00% end-2021 value and significantly higher than the reading of 0.25% a decade earlier. For reference, the average policy rate in Major Economies was 3.50% at the end of 2022. For more interest rate information, visit our dedicated page.

Spain Interest Rate Chart

Note: This chart displays Policy Interest Rate (%) for Spain from 2014 to 2023.
Source: Macrobond.

Spain Interest Rate Data

2019 2020 2021 2022 2023
ECB Refinancing Rate (%, eop) 0.00 0.00 0.00 2.50 4.50
ECB Overnight Deposit Rate (%, eop) -0.50 -0.50 -0.50 2.00 4.00
3-Month EURIBOR (%, eop) -0.38 -0.55 -0.57 2.13 3.91
10-Year Bond Yield (%, eop) 0.45 0.04 0.56 3.63 2.98
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish interest rate projections for the next ten years from a panel of 25 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Spanish interest rate.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish interest rate projections.

Want to get access to the full dataset of Spanish interest rate forecasts? Send an email to info@focus-economics.com.

Free sample report

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