Ireland Interest Rate

The benchmark interest rate in Ireland was last recorded at 0.25 percent. . Ireland is a member of the European Union which has adopted the euro. Ireland's benchmark interest rate is set by the European Central Bank. This page provides - Ireland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.25 0.25 4.75 0.25 0.25 | 2014/05 1998 - 2014 Percent Monthly

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Ireland Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 0.25 2014-04-03 0.25 4.75 0.25 0.25 2014-05-31 Percent [+]
Foreign Exchange Reserves 1202.50 2014-03-31 1187.30 8346.00 502.30 1193.20 2014-04-30 EUR Million [+]
Interbank Rate 0.33 2014-04-30 0.30 22.50 0.19 0.25 2014-05-31 Percent [+]
Loans to Private Sector 267006.00 2014-02-28 267552.00 375927.00 26830.00 265332.97 2014-03-31 EUR Million [+]
Money Supply M1 116537.00 2014-02-28 116674.00 116674.00 12164.10 117327.52 2014-03-31 EUR Million [+]
Money Supply M2 189790.00 2014-02-28 189787.00 206798.00 67270.70 193349.77 2014-03-31 EUR Million [+]
Money Supply M3 177860.00 2014-02-28 186557.00 235046.00 78265.40 177371.45 2014-03-31 EUR Million [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

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Irish Inflation Rate Rises in March  
Irish annual consumer prices rose 0.2 percent in March of 2014, following a 0.1 percent fall in February, mainly due to higher cost of services.
Irish Unemployment Rate Down To 5-Year Low in March  
Ireland’ seasonally adjusted jobless rate fell for the third consecutive month in March of 2014 to 11.8 percent, down from 11.9 percent in the previous month, and 13.7 percent a year earlier.
Ireland Posts € 3 Billion Trade Surplus in January  
Irish trade balance widened 10.13 percent over a year earlier to € 3.09 billion in the first month of 2014. Compared with December of 2013, the trade surplus narrowed 9.1 percent.
Ireland Inflation Rate Falls to 3-1/2-Year Low  
Irish annual inflation rate dropped to -0.1 percent in February of 2014, from 0.2 percent in the previous month. It is the first time since July of 2010 the inflation rate enters in negative territory.
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Irish GDP contracted by a shocking 2.3 percent in the last quarter of 2013 from the previous three months, hurt by a surge in imports and a fall in consumer spending. Initial estimates showed the economy shrank by 0.3 percent in 2013.
Irish Unemployment Rate Falls Below 12%  
In February of 2014, Ireland’s jobless rate continued its downward trend and fell to 11.9 percent, down from a revised 12 percent in the previous month.
Irish Inflation Rate Stable in January  
In January of 2014, Irish consumer prices remained steady at an annual rate of 0.2 percent. From December to January, the CPI decreased by 0.5 percent. This compares to a decrease of 0.5 percent recorded in January of last year.
Irish Trade Surplus Narrows 12.5% in 2013  
In 2013, Irish trade surplus decreased to € 37.25 billion, down from € 42.54 billion in 2012, hurt by lower exports of medical and pharmaceutical products and a fall in petroleum sales. This is the lowest annual trade surplus since 2008.
Irish Unemployment Down to 12.3% in January  
In January of 2014, Irish jobless rate declined for the eight straight month to 12.3 percent, from 12.4 percent in December last year. A year earlier, unemployment reached 13.8 percent.
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