• Euro area rates
  • USA rates
  • Exchange rate
  • Commodities
      Update date 12-02-2024
          Update date 12-02-2024
              Update date 12-02-2024
                  Update date 12-02-2024

                  Download forecasts with data and variable definitions

                    FORECASTS

                    Average for the last month in the period, unless otherwise specified

                    Financial markets

                    Average
                    2000-2007

                    Average
                    2008-2020

                    2021

                    2022

                    2023

                    2024

                    2025

                    INTEREST RATES

                    Dollar

                    Fed funds (upper limit)

                    3.43

                    0.77

                    0.25

                    4.50

                    5.50

                    4.25

                    2.50

                    3-month SOFR

                    3.62

                    0.99

                    0.21

                    4.74

                    5.37

                    3.85

                    2.40

                    12-month SOFR

                    3.86

                    1.42

                    0.52

                    5.48

                    4.95

                    3.15

                    2.80

                    2-year government bonds

                    3.70

                    0.99

                    0.66

                    4.30

                    4.46

                    2.80

                    2.50

                    10-year government bonds

                    4.69

                    2.44

                    1.46

                    3.62

                    4.01

                    3.10

                    3.00

                    Euro

                    ECB depo

                    2.05

                    0.15

                    –0.50

                    1.77

                    4.00

                    3.50

                    2.50

                    ECB refi

                    3.05

                    0.69

                    0.00

                    2.27

                    4.50

                    4.00

                    3.00

                    €STR

                    –0.55

                    –0.58

                    1.57

                    3.90

                    3.45

                    2.55

                    1-month Euribor

                    3.18

                    0.42

                    –0.60

                    1.72

                    3.86

                    3.19

                    2.48

                    3-month Euribor

                    3.24

                    0.57

                    –0.58

                    2.06

                    3.94

                    2.94

                    2.40

                    6-month Euribor

                    3.29

                    0.70

                    –0.55

                    2.56

                    3.93

                    3.00

                    2.43

                    12-month Euribor

                    3.40

                    0.86

                    –0.50

                    3.02

                    3.68

                    3.06

                    2.45

                    Germany

                    2-year government bonds

                    3.41

                    0.27

                    –0.69

                    2.37

                    2.55

                    2.50

                    2.25

                    10-year government bonds

                    4.30

                    1.38

                    –0.31

                    2.13

                    2.11

                    2.60

                    2.50

                    Spain

                    3-year government bonds

                    3.62

                    1.53

                    –0.45

                    2.66

                    2.77

                    2.82

                    2.67

                    5-year government bonds

                    3.91

                    2.01

                    –0.25

                    2.73

                    2.75

                    2.99

                    2.83

                    10-year government bonds

                    4.42

                    2.96

                    0.42

                    3.18

                    3.09

                    3.60

                    3.30

                    Risk premium

                    11

                    158

                    73

                    105

                    98

                    100

                    80

                    Portugal

                    3-year government bonds

                    3.68

                    3.05

                    –0.64

                    2.45

                    2.33

                    3.04

                    2.93

                    5-year government bonds

                    3.96

                    3.63

                    –0.35

                    2.53

                    2.42

                    3.14

                    3.03

                    10-year government bonds

                    4.49

                    4.35

                    0.34

                    3.10

                    2.74

                    3.45

                    3.30

                    Risk premium

                    19

                    297

                    65

                    97

                    63.00

                    85.00

                    80

                    EXCHANGE RATES

                    EUR/USD (dollars per euro)

                    1.13

                    1.26

                    1.13

                    1.06

                    1.09

                    1.12

                    1.15

                    EUR/GBP (pounds per euro)

                    0.66

                    0.84

                    0.85

                    0.87

                    0.86

                    0.83

                    0.87

                    EUR/JPY (yen per euro)

                    129.56

                    126.06

                    128.82

                    142.85

                    156.99

                    158.00

                    146.00

                    OIL PRICE

                    Brent ($/barrel)

                    42.3

                    77.3

                    74.8

                    81.3

                    77.3

                    79.0

                    73.0

                    Brent (euros/barrel)

                    36.4

                    60.6

                    66.2

                    76.8

                    70.9

                    70.5

                    63.5

                    Forecasts

                    Update date 12-02-2024