Interest Rate in Ireland

Ireland Interest Rate | Economic News & Forecasts

Ireland - Interest Rate

Recently-released GDP data for the second quarter shows that the Irish economy rebounded markedly from the previous quarter on a surge in exports and healthy growth in private consumption. Although skewed by the large presence of multinationals, the economy’s annual pace of expansion positions it as the Eurozone’s best-performer, and available data for the third quarter indicates the picture remains upbeat. Retail sales and industrial production rebounded over the previous month in July. Moreover, merchandise exports picked up in July for the second consecutive month on higher overseas sales of medical and pharmaceutical products, and organic chemicals. Looking at survey-based data, consumer confidence tumbled in August following July’s strong reading as elevated Brexit-related uncertainties drove consumers to downgrade their assessment of the wider Irish economy. Meanwhile, the manufacturing and service PMIs climbed higher in August after losing ground in the previous month.

Ireland - 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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Ireland Interest Rate Chart

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

Ireland Facts

Bond Yield0.740.27 %Oct 16
Exchange Rate1.160.65 %Oct 16
Stock Market6,263-0.39 %Oct 16

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