Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Estonia
IRSTCI01EEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
4127.09%
Date Range
1/1/2007 - 1/1/2024
Summary
The Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Estonia measures the short-term interest rate for overnight lending between banks in Estonia. This metric is a key indicator of the Estonian money market and financial conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The call money/interbank rate represents the average interest rate charged for very short-term loans between banks in Estonia. It is a widely tracked indicator of liquidity and funding pressures in the Estonian financial system.
Methodology
The data is collected by the Bank of Estonia through surveys of participating banks.
Historical Context
Policymakers at the European Central Bank closely monitor this rate to assess monetary policy and financial stability in the Eurozone.
Key Facts
- The rate averaged 0.31% in 2022.
- Rates have risen from historic lows due to ECB tightening.
- Estonia joined the Eurozone in 2011.
FAQs
Q: What does this economic trend measure?
A: The Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Estonia measures the short-term interest rate for overnight lending between banks in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of liquidity and funding pressures in the Estonian financial system, providing insights into monetary conditions and the overall health of the Estonian money market.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Estonia through surveys of participating banks.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank closely monitor this rate to assess monetary policy and financial stability in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published with minimal delays, providing timely insights into the Estonian money market.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Estonia (IRSTCI01EEA156N), retrieved from FRED.