- GDP - Projection
- Inflation - Projection
Update date 12-05-2023
Update date 12-05-2023
Download forecasts with data and variable definitions
FORECASTS
|
Average for the last month in the period, unless otherwise specified | |||||||
|
Financial markets | |||||||
|
Average |
Average |
2020 |
2021 |
2022 |
2023 |
2024 | |
|
INTEREST RATES |
|||||||
|
Dollar | |||||||
|
Fed funds (upper limit) |
3.43 |
0.81 |
0.25 |
0.25 |
4.50 |
5.00 |
3.75 |
|
3-month Libor |
3.62 |
1.01 |
0.23 |
0.21 |
4.74 |
4.75 |
3.50 |
|
12-month Libor |
3.86 |
1.48 |
0.34 |
0.52 |
5.47 |
4.50 |
3.50 |
|
2-year government bonds |
3.70 |
1.04 |
0.13 |
0.62 |
4.41 |
4.00 |
2.80 |
|
10-year government bonds |
4.70 |
2.57 |
0.93 |
1.45 |
3.62 |
3.20 |
2.80 |
|
Euro | |||||||
|
ECB depo |
2.05 |
0.20 |
–0.50 |
–0.50 |
1.77 |
3.50 |
2.50 |
|
ECB refi |
3.05 |
0.75 |
0.00 |
0.00 |
2.27 |
4.00 |
3.00 |
|
€STR |
– |
–0.54 |
–0.56 |
–0.58 |
1.57 |
3.41 |
2.48 |
|
1-month Euribor |
3.18 |
0.50 |
–0.56 |
–0.60 |
1.72 |
3.36 |
2.42 |
|
3-month Euribor |
3.24 |
0.65 |
–0.54 |
–0.58 |
2.06 |
3.31 |
2.35 |
|
6-month Euribor |
3.29 |
0.78 |
–0.52 |
–0.55 |
2.56 |
3.38 |
2.46 |
|
12-month Euribor |
3.40 |
0.96 |
–0.50 |
–0.50 |
3.02 |
3.44 |
2.56 |
|
Germany | |||||||
|
2-year government bonds |
3.41 |
0.35 |
–0.73 |
–0.69 |
2.37 |
3.20 |
2.50 |
|
10-year government bonds |
4.31 |
1.54 |
–0.57 |
–0.31 |
2.13 |
3.00 |
2.80 |
|
Spain | |||||||
|
3-year government bonds |
3.62 |
1.69 |
–0.57 |
–0.45 |
2.66 |
3.23 |
2.93 |
|
5-year government bonds |
3.91 |
2.19 |
–0.41 |
–0.25 |
2.73 |
3.38 |
3.15 |
|
10-year government bonds |
4.42 |
3.17 |
0.05 |
0.42 |
3.18 |
4.10 |
3.80 |
|
Risk premium |
11 |
164 |
62 |
73 |
105 |
110 |
100 |
|
Portugal | |||||||
|
3-year government bonds |
3.68 |
3.33 |
–0.61 |
–0.64 |
2.45 |
3.46 |
3.20 |
|
5-year government bonds |
3.96 |
3.94 |
–0.45 |
–0.35 |
2.53 |
3.57 |
3.38 |
|
10-year government bonds |
4.49 |
4.68 |
0.02 |
0.34 |
3.10 |
4.05 |
3.80 |
|
Risk premium |
19 |
314 |
60 |
65 |
97 |
105 |
100 |
|
EXCHANGE RATES | |||||||
|
EUR/USD (dollars per euro) |
1.13 |
1.26 |
1.22 |
1.13 |
1.06 |
1.10 |
1.15 |
|
EUR/GBP (pounds per euro) |
0.66 |
0.84 |
0.90 |
0.85 |
0.87 |
0.86 |
0.85 |
|
OIL PRICE | |||||||
|
Brent ($/barrel) |
42.3 |
80.1 |
50.2 |
74.8 |
81.3 |
93.0 |
80.0 |
|
Brent (euros/barrel) |
36.4 |
62.5 |
41.3 |
66.2 |
76.8 |
85.0 |
69.8 |
|
Forecasts | |||||||
Update date 12-05-2023