No major changes in the current policy stance are expected from the ECB today but the central bank is likely to hint at when more stimulus will be added through the pandemic emergency purchase programme. Most investors believe the central bank will wait until December for a policy change. The ECB will also release new economic projections. Since its last meeting, data pointed to a slowing of the recovery, the euro has appreciated and the Euro Area slipped into deflation. Traders will also monitor President Lagarde’s press conference, looking for comments on the Fed’s new average inflation target and recent euro strength. On September 1st, the Euro touched $1.2, the strongest since May of 2018, amid a broad dollar weakness and increasing optimism about a fast recovery from the pandemic. The ECB kept its main refinancing rate unchanged at 0% in July and pledged to buy up to €1.35 trillion worth of debt through June 2021.

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 September of 2020. source: European Central Bank

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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
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 1183176.00 1180928.00 1183176.00 88382.00 EUR Million [+]
Money Supply M2 1336437.00 1336106.00 1336437.00 294870.00 EUR Million [+]
Money Supply M3 1384684.00 1384696.00 1384696.00 413023.00 EUR Million [+]
Banks Balance Sheet 2920.60 2926.20 3733.00 439.60 EUR Billion [+]
Foreign Exchange Reserves 67463.10 67512.26 71310.70 323.95 EUR Million [+]
Loans to Private Sector 470676.00 474239.00 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 935672.00 929541.00 935672.00 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.