Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Portugal
IRSTCI01PTM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.05
Year-over-Year Change
-45.94%
Date Range
1/1/1999 - 6/1/2025
Summary
The 'Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Portugal' measures the short-term interest rate charged between banks in Portugal. This benchmark rate is a key indicator of the country's monetary policy and financial market 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 series represents the average daily interest rate for very short-term interbank lending in Portugal, often referred to as the 'call money' or 'overnight' rate. It is an important metric that reflects the state of the Portuguese money market and is closely watched by policymakers, economists, and investors.
Methodology
The Bank of Portugal collects and publishes this data based on actual transactions between financial institutions.
Historical Context
The interbank rate is closely tied to the European Central Bank's monetary policy and helps inform decisions around interest rates, inflation, and financial stability.
Key Facts
- Portugal's interbank rate averaged 0.75% in 2022.
- The interbank rate reached a low of 0.02% during the COVID-19 pandemic.
- The interbank rate is a leading indicator of the European Central Bank's key policy rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the short-term interest rate charged between banks in Portugal, known as the 'call money' or 'overnight' rate. It is a key indicator of the country's money market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Portuguese interbank rate is an important benchmark that reflects the state of the country's financial markets and monetary policy. It is closely watched by policymakers, economists, and investors to assess economic and financial conditions.
Q: How is this data collected or calculated?
A: The Bank of Portugal collects and publishes this data based on actual transactions between financial institutions in the Portuguese interbank market.
Q: How is this trend used in economic policy?
A: The interbank rate is closely tied to the European Central Bank's monetary policy decisions and helps inform discussions around interest rates, inflation, and financial stability in Portugal and the broader Eurozone.
Q: Are there update delays or limitations?
A: The interbank rate data is published daily by the Bank of Portugal with minimal delays, providing timely insights into Portugal's money market conditions.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Portugal (IRSTCI01PTM156N), retrieved from FRED.