ECB Refinancing Rate in Spain
The ecb refinancing rate ended 2024 at 3.15%, compared to the end-2023 value of 4.50% and the figure a decade earlier of 0.05%. It averaged 0.93% over the last decade. For more interest rate information, visit our dedicated page.
Spain Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Spain from 2014 to 2024.
Source: Macrobond.
Spain Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| ECB Refinancing Rate (%, eop) | 0.00 | 0.00 | 0.00 | 2.50 | 4.50 |
| ECB Overnight Deposit Rate (%, eop) | -0.50 | -0.50 | -0.50 | 2.00 | 4.00 |
| 3-Month EURIBOR (%, eop) | -0.38 | -0.55 | -0.57 | 2.13 | 3.91 |
| 10-Year Bond Yield (%, eop) | 0.45 | 0.04 | 0.56 | 3.63 | 2.98 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish interest rate projections for the next ten years from a panel of 27 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Spanish interest rate.
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