The benchmark interest rate in Spain is set by the European Central Bank. Most ECB officials agreed that there was a need to signal the necessity of recalibrating the ECB's monetary policy instruments when they meet in December, but cautioned that the central should not pre-commit itself to specific policy actions, the accounts of the October's meeting showed. At the same time, policymakers viewed the existing stimulus measures as effective, but questioned about possible side effects and “diminishing returns” in an environment of high uncertainty and very favorable financial conditions. Overall, members considered the risks surrounding the growth outlook to be clearly tilted to the downside, while headline inflation was now expected to be in negative territory for longer than had been foreseen in the September projections. source: European Central Bank

Interest Rate in the Euro Area averaged 1.82 percent from 1998 until 2020, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. This page provides the latest reported value for - Spain Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Interest Rate in Euro Area is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Euro Area to stand at 0.00 in 12 months time. In the long-term, the Euro Area Interest Rate is projected to trend around 0.00 percent in 2021, according to our econometric models.

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Spain Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 4.75 0.00 1998 - 2020 percent Daily

Spain Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate -0.38 -0.38 15.75 -0.40 percent [+]
Money Supply M1 1195683.00 1188215.00 1195683.00 88382.00 EUR Million [+]
Money Supply M2 1344202.00 1339553.00 1344202.00 294870.00 EUR Million [+]
Money Supply M3 1382764.00 1382470.00 1384696.00 413023.00 EUR Million [+]
Banks Balance Sheet 2920.60 2926.20 3733.00 439.60 EUR Billion [+]
Foreign Exchange Reserves 68435.01 68356.67 71310.70 323.95 EUR Million [+]
Loans to Private Sector 471910.00 470676.00 952604.00 105781.00 EUR Million [+]
Loan Growth 4.70 4.10 19.70 -2.10 percent [+]
Private Debt to GDP 194.10 199.10 274.80 131.40 percent [+]
Central Bank Balance Sheet 972913.00 961504.00 972913.00 13829.00 EUR Million [+]


Spain Interest Rate
Spain is a member of the European Union which has adopted the euro. Spain's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation.