Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Spain
IRSTCI01ESM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.92
Year-over-Year Change
-47.50%
Date Range
6/1/1973 - 7/1/2025
Summary
The 'Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Spain' trend measures the average daily interest rate for short-term interbank lending in Spain, providing insight into the country's liquidity 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
This economic indicator represents the overnight interbank lending rate in Spain, reflecting the cost of very short-term borrowing between financial institutions. It is a widely followed metric used by economists and policymakers to assess Spain's monetary policy environment and financial system stability.
Methodology
The data is collected directly from the Bank of Spain's reporting of the average daily call money/interbank rate.
Historical Context
Policymakers and analysts monitor this rate as a real-time barometer of Spain's money market conditions and the overall health of its banking sector.
Key Facts
- Spain's interbank rate averaged 0.13% in 2022.
- The rate reached a high of 2.32% during the 2008 financial crisis.
- This metric is published daily by the Bank of Spain.
FAQs
Q: What does this economic trend measure?
A: The 'Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Spain' measures the average daily interest rate for very short-term lending between banks in Spain.
Q: Why is this trend relevant for users or analysts?
A: This interbank rate is a key indicator of Spain's monetary policy environment and financial system stability, providing real-time insight into liquidity conditions and lending costs for the country's banking sector.
Q: How is this data collected or calculated?
A: The data is collected directly from the Bank of Spain's reporting of the average daily call money/interbank rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this rate as a barometer of Spain's money market conditions, using it to assess the overall health of the country's banking system and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The interbank rate data is published daily by the Bank of Spain with no significant delays.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Spain (IRSTCI01ESM156N), retrieved from FRED.