The benchmark interest rate in Spain is set by the European Central Bank. The European Central Bank is expected to leave monetary policy unchanged during its 1st meeting of 2021, after expanding its Pandemic Emergency Purchase Programme (PEPP) by another €500 billion and extending it to at least the end of March 2022 last month. However, investors see the central bank reiterating its commitment to adjust policy as and when necessary, leaving the door open to further stimulus, amid mounting infections and fresh lockdowns. Traders will also keep an eye on ECB President Lagarde comments at the regular press conference regarding the near-term outlook and risks surrounding the baseline scenario. The pandemic is far from controlled in Europe and countries continue to tight restrictions but some downside risks have faded since last month: coronavirus vaccination rollout already began although at a slow pace and a Brexit deal has been done. source: European Central Bank

Interest Rate in the Euro Area averaged 1.80 percent from 1998 until 2021, 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 February of 2021.

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 2022, 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 - 2021 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 1240128.00 1222754.00 1240128.00 88382.00 EUR Million [+]
Money Supply M2 1381999.00 1366583.00 1381999.00 294870.00 EUR Million [+]
Money Supply M3 1416836.00 1403500.00 1416836.00 413023.00 EUR Million [+]
Banks Balance Sheet 2920.60 2926.20 3733.00 439.60 EUR Billion [+]
Foreign Exchange Reserves 66292.65 66523.41 71310.70 323.95 EUR Million [+]
Loans to Private Sector 470502.00 471952.00 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 993208.00 980282.00 993208.00 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.