The benchmark interest rate in Spain is set by the European Central Bank. Interest Rate in Spain averaged 1.88 percent from 1998 until 2026, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0.00 percent in March of 2016. source: European Central Bank

Interest Rate in Spain is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Interest Rate is projected to trend around 3.50 percent in 2023 and 2.75 percent in 2024, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 3269.10 3306.20 EUR Billion Dec 2025
Central Bank Balance Sheet 868618.00 866772.00 EUR Million Dec 2025
Foreign Exchange Reserves 1126910.99 1090086.45 EUR Million Jan 2026
ECB Interest Rate 2.15 2.15 percent Feb 2026
Loan Growth 3.40 3.20 percent Nov 2025
Loans to Private Sector 462595.00 458031.00 EUR Million Dec 2025
Money Supply M1 1404881.00 1400764.00 EUR Million Dec 2025
Money Supply M2 1674092.00 1661537.00 EUR Million Dec 2025
Money Supply M3 1763313.00 1751407.00 EUR Million Dec 2025
Private Debt to GDP 116.60 121.20 percent Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
2.15 2.15 4.75 0.00 1998 - 2026 percent Daily