Spain Policy Rate
1999 - 2026 | Monthly | % pa | European Central Bank
Key information about Spain Policy Rate
- Spain cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.40 % pa in Jun 2026, compared with 2.15 % pa in the previous May 2026.
- Spain Policy Rate averaged 0.75 % pa and is updated monthly, available from Jan 1999 to Jun 2026.
- The data reached an all-time high of 4.75 % pa in Apr 2001 and a record low of 0.00 % pa in Jun 2022.
Spain joined the Euro Area on January 1st, 1999, thus adopting the European Central Bank (ECB) monetary policy mechanisms.
Related information about Spain Policy Rate
- In the latest reports, Spain Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
- Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Spain: ECB Harmonised) was reported at 3.49 % pa in May 2026.
- Spain Exchange Rate against USD averaged 0.86 (USD/EUR) in Oct 2025.
- Its Real Effective Exchange Rate was 98.90 in May 2026.
View Spain's Policy Rate from Jan 1999 to Jun 2026 in the chart:
What was Spain's Policy Rate in Jun 2026?
Spain cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.40 % pa in Jun 2026, compared with 2.15 % pa in the previous May 2026. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 2.40 Jun 2026 | 2.15 May 2026 | 0.00 Jun 2022 | 4.75 Apr 2001 | % pa | monthly | Jan 1999 - Jun 2026 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.50 Jun 2026 | monthly | Jan 2000 - Jun 2026 |
| Algeria (% pa) | 2.75 Jun 2026 | monthly | Jan 1963 - Jun 2026 |
| Argentina (%) | 20.31 Jun 2026 | monthly | Jan 1985 - Jun 2026 |
| Armenia (% pa) | 6.50 May 2026 | monthly | May 2001 - May 2026 |
| Australia (% pa) | 4.35 Jun 2026 | monthly | Aug 1990 - Jun 2026 |
| Austria (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Azerbaijan (% pa) | 6.50 Jun 2026 | monthly | Dec 2004 - Jun 2026 |
| Bahrain (% pa) | 4.50 Jun 2026 | monthly | Jan 2007 - Jun 2026 |
| Bangladesh (% pa) | 10.00 May 2026 | monthly | Sep 2009 - May 2026 |
| Belarus (% pa) | 9.25 Jun 2026 | monthly | Jul 1991 - Jun 2026 |
| Belgium (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Bolivia (% pa) | 3.59 Jun 2026 | monthly | Jan 2013 - Jun 2026 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 14.25 Jun 2026 | monthly | Mar 1999 - Jun 2026 |
| Bulgaria (% pa) | 1.81 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Canada (% pa) | 2.25 Jun 2026 | monthly | Dec 1992 - Jun 2026 |
| Chile (% pa) | 4.50 Jun 2026 | monthly | May 1995 - Jun 2026 |
| China (% pa) | 1.40 Nov 2025 | monthly | May 2012 - Nov 2025 |
| Colombia (% pa) | 12.00 Jul 2026 | monthly | Apr 1995 - Jul 2026 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Czech Republic (% pa) | 2.75 Jun 2026 | monthly | Jan 1993 - Jun 2026 |
| Denmark (% pa) | 1.85 Jun 2026 | monthly | Aug 1914 - Jun 2026 |
| Ecuador (% pa) | 6.85 Jun 2026 | monthly | Jul 1995 - Jun 2026 |
| Egypt (% pa) | 19.50 Jun 2026 | monthly | Jan 1991 - Jun 2026 |
| Estonia (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| European Union (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Finland (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| France (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Georgia (% pa) | 8.25 Jun 2026 | monthly | Jan 2008 - Jun 2026 |
| Germany (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Ghana (% pa) | 25.00 Nov 2025 | monthly | Nov 2002 - Nov 2025 |
| Greece (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Hong Kong SAR, China (% pa) | 4.00 Jun 2026 | monthly | Jun 1992 - Jun 2026 |
| Hungary (% pa) | 6.00 Jun 2026 | monthly | Oct 1990 - Jun 2026 |
| Iceland (% pa) | 8.50 Jun 2026 | monthly | Jan 1994 - Jun 2026 |
| India (% pa) | 5.25 Jun 2026 | monthly | Apr 2001 - Jun 2026 |
| Indonesia (% pa) | 5.75 Jun 2026 | monthly | Jun 2015 - Jun 2026 |
| Ireland (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Israel (% pa) | 3.75 Jun 2026 | monthly | Dec 1998 - Jun 2026 |
| Italy (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | 0.50 Nov 2025 | monthly | Mar 2006 - Nov 2025 |
| Jordan (% pa) | 6.75 Jun 2026 | monthly | Dec 1965 - Jun 2026 |
| Kazakhstan (% pa) | 17.00 Jun 2026 | monthly | Feb 1992 - Jun 2026 |
| Kenya (% pa) | 8.75 Jun 2026 | monthly | Jul 2003 - Jun 2026 |
| South Korea (% pa) | 2.50 Jun 2026 | monthly | May 1999 - Jun 2026 |
| Kosovo (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Kuwait (% pa) | 3.50 Jun 2026 | monthly | Jul 1999 - Jun 2026 |
| Kyrgyzstan (% pa) | 12.00 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Laos (% pa) | 8.50 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| Latvia (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Lebanon (% pa) | 20.00 Sep 2025 | monthly | Apr 1964 - Sep 2025 |
| Lithuania (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Luxembourg (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Macau SAR, China (% pa) | 4.00 Jun 2026 | monthly | Dec 1999 - Jun 2026 |
| North Macedonia (% pa) | 4.25 Jun 2026 | monthly | Jan 2002 - Jun 2026 |
| Malawi (% pa) | 24.00 Jun 2026 | monthly | Jan 1980 - Jun 2026 |
| Malaysia (% pa) | 2.75 Feb 2026 | monthly | Apr 2004 - Feb 2026 |
| Malta (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Mauritius (% pa) | 4.75 Jun 2026 | monthly | Dec 1999 - Jun 2026 |
| Mexico (% pa) | 6.50 Jun 2026 | monthly | Jan 2008 - Jun 2026 |
| Moldova (% pa) | 6.50 May 2026 | monthly | Feb 2001 - May 2026 |
| Mongolia (% pa) | 12.00 Jun 2026 | monthly | Jul 2007 - Jun 2026 |
| Montenegro (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Morocco (% pa) | 2.25 Jun 2026 | monthly | Jun 1995 - Jun 2026 |
| Myanmar (% pa) | 9.00 2026 | yearly | 1986 - 2026 |
| Nepal (% pa) | 5.75 May 2026 | monthly | Jul 2003 - May 2026 |
| Netherlands (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| New Zealand (% pa) | 2.25 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Nigeria (% pa) | 26.50 Jun 2026 | monthly | Jan 2000 - Jun 2026 |
| Norway (% pa) | 4.25 Jun 2026 | monthly | Jan 1991 - Jun 2026 |
| Oman (% pa) | 4.25 Jun 2026 | monthly | May 2007 - Jun 2026 |
| Pakistan (% pa) | 12.50 Jun 2026 | monthly | Feb 1992 - Jun 2026 |
| Paraguay (% pa) | 5.50 Jun 2026 | monthly | Jul 2010 - Jun 2026 |
| Peru (% pa) | 4.25 Jun 2026 | monthly | Sep 2003 - Jun 2026 |
| Philippines (% pa) | 5.25 Nov 2025 | monthly | Jun 2016 - Nov 2025 |
| Poland (% pa) | 3.75 Jun 2026 | monthly | Jan 2005 - Jun 2026 |
| Portugal (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Qatar (% pa) | 4.35 Jun 2026 | monthly | Mar 2003 - Jun 2026 |
| Romania (% pa) | 6.50 Jun 2026 | monthly | Jan 2003 - Jun 2026 |
| Russia (% pa) | 14.25 Jun 2026 | monthly | Sep 2013 - Jun 2026 |
| Saudi Arabia (% pa) | 4.25 Jun 2026 | monthly | Jan 2000 - Jun 2026 |
| Serbia (% pa) | 5.75 Jun 2026 | monthly | Jan 2001 - Jun 2026 |
| Singapore (% pa) | 1.05 Nov 2025 | monthly | Jul 2005 - Nov 2025 |
| Slovakia (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Slovenia (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| South Africa (% pa) | 7.00 Jun 2026 | monthly | Nov 1999 - Jun 2026 |
| Spain (% pa) | 2.40 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Sri Lanka (% pa) | 8.25 Jun 2026 | monthly | Jan 1997 - Jun 2026 |
| Sweden (% pa) | 1.75 Jun 2026 | monthly | Jan 1987 - Jun 2026 |
| Switzerland (% pa) | -0.04 Jun 2026 | monthly | Jun 1999 - Jun 2026 |
| Syria (% pa) | 5.00 Jun 2026 | monthly | Jan 1962 - Jun 2026 |
| Taiwan, China (% pa) | 2.00 Nov 2025 | monthly | Jul 1961 - Nov 2025 |
| Tajikistan (% pa) | 7.00 Jun 2026 | monthly | Jun 1995 - Jun 2026 |
| Thailand (% pa) | 1.00 Jun 2026 | monthly | May 2000 - Jun 2026 |
| Tunisia (% pa) | 7.00 Jun 2026 | monthly | Jan 2000 - Jun 2026 |
| Turkey (% pa) | 37.00 Jun 2026 | monthly | Jun 1996 - Jun 2026 |
| Ukraine (% pa) | 15.00 Jun 2026 | monthly | Dec 1992 - Jun 2026 |
| United Arab Emirates (% pa) | 3.65 May 2026 | monthly | Nov 2007 - May 2026 |
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Learn more about what we doSpain Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.4 Mar 2026 | quarterly | Dec 1995 - Mar 2026 |
| Consolidated Fiscal Balance (USD mn) | -7,527.768 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Tax Revenue (USD mn) | 395,586.695 2024 | yearly | 1995 - 2024 |
| Tax Revenue: % of GDP (%) | 22.9 2024 | yearly | 1995 - 2024 |
| National Government Debt (USD mn) | 2,003,556.9 Mar 2026 | quarterly | Dec 1990 - Mar 2026 |
| Government Debt: % of GDP (%) | 101.6 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Forecast: Government Expenditure (EUR bn) | 998.824 2031 | yearly | 1980 - 2031 |
| Forecast: Government Net Debt (EUR bn) | 1,984.602 2031 | yearly | 1980 - 2031 |
| Forecast: Government Revenue (EUR bn) | 951.574 2031 | yearly | 1980 - 2031 |
| Public Debt: % of Nominal GDP (%) | 101.600 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| General Govt Debt: Loans: Long Term (EUR mn) | 169,484.982 Mar 2026 | quarterly | Dec 1994 - Mar 2026 |
| General Govt Debt: Securities excl Shares: Short Term (EUR mn) | 79,194.082 Mar 2026 | quarterly | Dec 1994 - Mar 2026 |
| General Govt Debt: Securities excl Shares: Long Term (EUR mn) | 1,479,935.514 Mar 2026 | quarterly | Dec 1994 - Mar 2026 |
| General Govt Debt: Loans: Short Term (EUR mn) | 5,337.597 Mar 2026 | quarterly | Dec 1994 - Mar 2026 |
| General Govt Debt (EUR mn) | 1,739,500.739 Mar 2026 | quarterly | Mar 1994 - Mar 2026 |
| State Government Revenue: ytd (EUR mn) | 117,653.000 May 2026 | monthly | Jan 2004 - May 2026 |
| State Government Budget Balance: ytd (EUR mn) | -14,177.000 May 2026 | monthly | Jan 2004 - May 2026 |
| State Government Expenditure: ytd: Current (EUR mn) | 124,114.000 May 2026 | monthly | Jan 2004 - May 2026 |
| State Government Revenue: ytd: Current: Taxes on Production: Products Tax: VAT (EUR mn) | 44,017.000 May 2026 | monthly | Jan 2004 - May 2026 |
| State Government Expenditure: ytd: Capital (EUR mn) | 7,716.000 May 2026 | monthly | Jan 2004 - May 2026 |
| State Government Expenditure: ytd (EUR mn) | 131,830.000 May 2026 | monthly | Jan 2004 - May 2026 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.716 2031 | yearly | 1980 - 2031 |
| Trade Balance (USD mn) | -5,246.0 Apr 2026 | monthly | May 1976 - Apr 2026 |
| Total Exports (USD mn) | 39,190.5 Apr 2026 | monthly | May 1976 - Apr 2026 |
| Total Exports Growth (%) | 5.4 Apr 2026 | monthly | May 1977 - Apr 2026 |
| Aluminum: Exports (USD th) | 3,641,071.563 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 13,790,056.105 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 5,248,398.853 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 46,575.5 Apr 2026 | monthly | May 1976 - Apr 2026 |
| Total Imports Growth (%) | 8.5 Apr 2026 | monthly | May 1977 - Apr 2026 |
| Imports: Medicament (USD th) | 15,521,418.858 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 8,121,038.202 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 1,670.896 Apr 2026 | monthly | Jan 1960 - Apr 2026 |
| Total Imports from USA (USD mn) | 3,027.419 Apr 2026 | monthly | Jan 1960 - Apr 2026 |
| Total Exports to China (USD mn) | 900.328 Apr 2026 | monthly | Jan 1970 - Apr 2026 |
| Total Imports from China (USD mn) | 4,929.135 Apr 2026 | monthly | Jan 1970 - Apr 2026 |
| Exports: Consumer Goods: Others: Durable: Automobiles (EUR th) | 3,124,517.131 Apr 2026 | monthly | Jan 1981 - Apr 2026 |
| Exports (EUR th) | 34,388,121.850 Apr 2026 | monthly | Jan 1962 - Apr 2026 |
| Exports: Consumer Goods: Food, Beverages and Tobacco (EUR th) | 5,481,655.314 Apr 2026 | monthly | Jan 1981 - Apr 2026 |
| Exports: Intermediate Goods: Industrial Products: Minerals (EUR th) | 3,553,688.543 Apr 2026 | monthly | Jan 1981 - Apr 2026 |
| Exports: Intermediate Goods: Industrial Products: Materials for Transportation P... (EUR th) | 2,186,827.067 Apr 2026 | monthly | Jan 1981 - Apr 2026 |
| Exports: Intermediate Goods: Industrial Products: Chemicals (EUR th) | 4,620,737.481 Apr 2026 | monthly | Jan 1981 - Apr 2026 |
| Exports: Europe: France (EUR th) | 5,113,584.954 Apr 2026 | monthly | Jan 1960 - Apr 2026 |
| Exports: Europe: Germany (EUR th) | 3,730,536.792 Apr 2026 | monthly | Jan 1960 - Apr 2026 |
| Exports: Europe: Italy (EUR th) | 2,954,357.048 Apr 2026 | monthly | Jan 1960 - Apr 2026 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.6 Apr 2026 | monthly | Jan 1962 - Apr 2026 |
| Household Debt: % of GDP (%) | 46.7 Mar 2026 | quarterly | Dec 1989 - Mar 2026 |
| Non-Performing Loans (USD mn) | 37,959.145 Apr 2026 | monthly | Jan 1962 - Apr 2026 |
| Money Supply M1 (USD mn) | 1,639,625.324 May 2026 | monthly | Jan 1962 - May 2026 |
| Money Supply M2 (USD mn) | 1,959,898.542 May 2026 | monthly | Jan 1962 - May 2026 |
| M2 Growth (%) | 5.1 May 2026 | monthly | Jan 1963 - May 2026 |
| Reserve Requirement Ratio (%) | 1.0 Jun 2026 | monthly | Jan 1999 - Jun 2026 |
| Foreign Exchange Reserves (USD mn) | 66,544.0 Jun 2026 | monthly | Jan 1987 - Jun 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 3.423 Mar 2026 | quarterly | Dec 1995 - Mar 2026 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.4 Apr 2026 | monthly | Jan 1987 - Apr 2026 |
| Gold Reserves (USD mn) | 36,547.113 Jun 2026 | monthly | Dec 1956 - Jun 2026 |
| Total Deposits (USD mn) | 1,674,615.017 Sep 2025 | monthly | Jan 2003 - Sep 2025 |
| Total Deposits Growth (%) | 5.1 Sep 2025 | monthly | Jan 2004 - Sep 2025 |
| Domestic Credit (USD mn) | 0.0 May 2025 | monthly | Jan 1999 - May 2025 |
| Domestic Credit Growth (%) | -100.0 May 2025 | monthly | Jan 2000 - May 2025 |
| Debt Service Ratio: Households (%) | 5.100 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 11.800 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Credit to Households (USD bn) | 837.954 Sep 2025 | quarterly | Dec 1980 - Sep 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 2,365.814 Dec 2025 | quarterly | Mar 1970 - Dec 2025 |
| Household Debt (USD mn) | 920,322.8 Mar 2026 | quarterly | Dec 1989 - Mar 2026 |
| Total Loans (USD mn) | 2,643,389.828 May 2026 | monthly | Dec 1989 - May 2026 |
| Total Loans Growth (%) | 5.49 May 2026 | monthly | Dec 1990 - May 2026 |
| Private Debt: % of Nominal GDP (%) | 69.82 Mar 2026 | quarterly | Mar 2003 - Mar 2026 |
| Money Supply: Spain Contribution: M2 (EUR mn) | 1,678,139.000 May 2026 | monthly | Sep 1997 - May 2026 |
| Money Supply: Spain Contribution: M3 (EUR mn) | 1,770,311.000 May 2026 | monthly | Sep 1997 - May 2026 |
| Money Supply: Spain Contribution: M1 (EUR mn) | 1,403,909.000 May 2026 | monthly | Sep 1997 - May 2026 |
| Reserve Assets (EUR th) | 107,953,448.000 Jun 2026 | monthly | Jan 1987 - Jun 2026 |
| Reserve Assets: Foreign Exchange (EUR th) | 58,285,012.000 Jun 2026 | monthly | Jan 1987 - Jun 2026 |
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