Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Finland
Annual
IRSTCI01FIA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
4127.09%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual Interest Rates on 1-Year Fixed-Term Deposits in Ireland measures the average interest rate paid on 1-year fixed-term deposits by Irish banks. This metric is a key indicator of the country's monetary policy and economic 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 Annual Interest Rates on 1-Year Fixed-Term Deposits in Ireland represents the average rate of return on 1-year fixed-term savings accounts offered by Irish financial institutions. This data series is used by economists and policymakers to assess trends in consumer savings behavior and the overall interest rate environment.
Methodology
The data is collected directly from Irish banks and financial institutions by the Central Bank of Ireland.
Historical Context
This economic indicator provides insight into the savings and investment climate and can inform monetary policy decisions.
Key Facts
- The average 1-year fixed deposit rate in Ireland was 0.31% as of the latest data.
- Interest rates on 1-year fixed deposits have declined steadily over the past decade.
- Ireland's deposit rates are among the lowest in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Annual Interest Rates on 1-Year Fixed-Term Deposits in Ireland measures the average interest rate paid by Irish banks on 1-year fixed-term deposit accounts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the savings and investment climate in Ireland, which is an important factor for economists, policymakers, and consumers to monitor.
Q: How is this data collected or calculated?
A: The data is collected directly from Irish banks and financial institutions by the Central Bank of Ireland.
Q: How is this trend used in economic policy?
A: This indicator can inform monetary policy decisions by the European Central Bank and provide context around consumer savings behavior and investment patterns in Ireland.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short lag, typically 1-2 months.
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Citation
U.S. Federal Reserve, Annual Interest Rates on 1-Year Fixed-Term Deposits in Ireland (IRSTCI01FIA156N), retrieved from FRED.