Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Finland
IRSTCI01FIQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.05
Year-over-Year Change
-451.28%
Date Range
1/1/1999 - 4/1/2025
Summary
The 'Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Finland' metric tracks the short-term interest rate at which banks lend to one another in the Finnish financial market.
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 series represents the overnight interbank lending rate in Finland, a key indicator of liquidity and stress in the domestic banking system. Policymakers and analysts use this rate to assess the effectiveness of monetary policy and the overall functioning of financial markets.
Methodology
The data is collected and reported by the Bank of Finland.
Historical Context
The call money/interbank rate is an important barometer for the health of Finland's financial system and economy.
Key Facts
- Finland's call money rate averaged 0.01% in 2022.
- The rate spiked to 3.63% during the 2008 global financial crisis.
- Interbank lending is a key source of short-term funding for Finnish banks.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the overnight interbank lending rate in Finland, which reflects the cost of very short-term borrowing between banks.
Q: Why is this trend relevant for users or analysts?
A: The call money rate is an important indicator of liquidity and stress in Finland's banking system, providing insights into the effectiveness of monetary policy and the overall health of financial markets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the call money rate to assess the functioning of Finland's financial system and the impact of monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a few weeks of the reference period.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Finland (IRSTCI01FIQ156N), retrieved from FRED.