Interest Rate in Spain

Spain Interest Rate | Economic News & Forecasts

Spain - Interest Rate

Following robust growth in the final quarter of 2018, available data suggests that momentum carried over into early 2019. Industrial production rebounded solidly in January and while the manufacturing PMI dipped in February, signaling a slowdown in the industry, the services sector held its ground. On the demand front, private consumption should remain solid in the first quarter, propped up by healthy employment growth and higher purchasing power thanks to low inflation and households tapping into their savings. Meanwhile, although uncertainty lingers over the outcome of the 28 April general election—the third in less than four years—it is likely that political gridlock will remain. Irrespective, it should not have too great an impact on the economy in the short-term given its solid trajectory until now and the sound underlying dynamics driving growth, particularly domestic demand.

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 Yield1.045.62 %Apr 11
Exchange Rate1.130.65 %Apr 12
Stock Market9,469-0.74 %Apr 12

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