ECB Refinancing Rate in Spain
The ECB Refinancing Rate (%, eop) ended 2024 at 3.15%, down from the 4.5% end-2024 value and up from the reading of 0.05% a decade earlier. For reference, the average interest rate in was % at end-2024. For more information on interest rate, visit our dedicated page
Spain Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Spain from 2014 to 2024.
Source: Macrobond.
Spain Interest Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| ECB Refinancing Rate (%, eop) | 0.00 | 0.00 | 2.50 | 4.50 | 3.15 |
| ECB Overnight Deposit Rate (%, eop) | -0.50 | -0.50 | 2.00 | 4.00 | 3.00 |
| 3-Month EURIBOR (%, eop) | -0.55 | -0.57 | 2.13 | 3.91 | 2.71 |
| 10-Year Bond Yield (%, eop) | 0.04 | 0.56 | 3.63 | 2.98 | 3.06 |
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 27 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.
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