What is the legal interest rate in Spain?

What is the savings rate in Spain?

Personal Savings in Spain averaged 8.19 percent from 1999 until 2021, reaching an all time high of 31.54 percent in the second quarter of 2020 and a record low of -6.74 percent in the first quarter of 2008.

Can banks charge any interest rate they want?

Banks are generally free to determine the interest rate they will pay for deposits and charge for loans, but they must take the competition into account, as well as the market levels for numerous interest rates and Fed policies.

What is the ECB rate today?

Fixed Rate Tender: 0.00%

Does the Bank of Spain have a governor?

The Governor of the Bank of Spain is formally appointed after the Prime Minister of Spain has designated him/her by the Spanish monarch. … The current Governor is Pablo Hernández de Cos.

What is the current interest rate in Spain?

In the latest reports, Spain Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.54 % pa in Jul 2021. The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 0.00 % pa in Apr 2021. Spain Exchange Rate against USD averaged 0.85 (EUR/USD) in Sep 2021.

THIS IS FUNNING:  Quick Answer: Should you rent a car in Spain?