• Europe types
  • USA Type
  • Exchange rate
  • Raw materials
      Update date 07-09-2020
          Update date 07-09-2020
              Update date 07-09-2020
                  Update date 07-09-2020

                  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

                    2008-2017

                    2018

                    2019

                    2020

                    2021

                    2022

                    2023

                    INTEREST RATES

                    Dollar

                    Fed funds (upper limit)

                    3.43

                    0.55

                    2.50

                    1.75

                    0.25

                    0.25

                    0.25

                    0.25

                    3-month Libor

                    3.62

                    0.75

                    2.79

                    1.91

                    0.30

                    0.30

                    0.35

                    0.45

                    12-month Libor

                    3.86

                    1.26

                    3.08

                    1.97

                    0.60

                    0.60

                    0.70

                    0.95

                    2-year government bonds

                    3.70

                    0.80

                    2.68

                    1.63

                    0.30

                    0.30

                    0.50

                    0.80

                    10-year government bonds

                    4.70

                    2.58

                    2.83

                    1.86

                    0.95

                    1.00

                    1.20

                    1.40

                    Euro

                    ECB depo

                    2.05

                    0.32

                    –0.40

                    –0.50

                    –0.50

                    –0.50

                    –0.50

                    –0.50

                    ECB refi

                    3.05

                    0.90

                    0.00

                    0.00

                    0.00

                    0.00

                    0.00

                    0.00

                    Eonia

                    3.12

                    0.55

                    –0.36

                    –0.46

                    –0.45

                    –0.45

                    –0.45

                    –0.45

                    1-month Euribor

                    3.18

                    0.67

                    –0.37

                    –0.45

                    –0.45

                    –0.45

                    –0.43

                    –0.35

                    3-month Euribor

                    3.24

                    0.85

                    –0.31

                    –0.40

                    –0.45

                    –0.45

                    –0.40

                    –0.25

                    6-month Euribor

                    3.29

                    1.00

                    –0.24

                    –0.34

                    –0.40

                    –0.40

                    –0.35

                    –0.18

                    12-month Euribor

                    3.40

                    1.19

                    –0.13

                    –0.26

                    –0.35

                    –0.35

                    –0.30

                    –0.10

                    Germany

                    2-year government bonds

                    3.41

                    0.55

                    –0.60

                    –0.63

                    –0.60

                    –0.50

                    –0.45

                    –0.30

                    10-year government bonds

                    4.30

                    1.82

                    0.25

                    –0.27

                    –0.30

                    –0.15

                    0.00

                    0.40

                    Spain

                    3-year government bonds

                    3.62

                    2.06

                    –0.02

                    –0.36

                    0.06

                    0.22

                    0.26

                    0.47

                    5-year government bonds

                    3.91

                    2.59

                    0.36

                    –0.09

                    0.21

                    0.38

                    0.44

                    0.66

                    10-year government bonds

                    4.42

                    3.60

                    1.42

                    0.44

                    0.60

                    0.65

                    0.70

                    0.90

                    Risk premium

                    11

                    178

                    117

                    71

                    90

                    80

                    70

                    50

                    Portugal

                    3-year government bonds

                    3.68

                    4.02

                    –0.18

                    –0.34

                    0.17

                    0.33

                    0.38

                    0.61

                    5-year government bonds

                    3.96

                    4.67

                    0.47

                    –0.12

                    0.39

                    0.53

                    0.59

                    0.84

                    10-year government bonds

                    4.49

                    5.35

                    1.72

                    0.40

                    0.65

                    0.75

                    0.80

                    1.10

                    Risk premium

                    19

                    353

                    147

                    67

                    95

                    90

                    80

                    70

                    EXCHANGE RATES

                    EUR/USD (dollars per euro)

                    1.13

                    1.29

                    1.14

                    1.11

                    1.18

                    1.20

                    1.22

                    1.24

                    EUR/JPY (yen per euro)

                    129.50

                    126.40

                    127.89

                    121.40

                    125.40

                    128.40

                    130.54

                    127.72

                    USD/JPY (yen per dollar)

                    115.34

                    98.97

                    112.38

                    109.25

                    106.27

                    107.00

                    107.00

                    103.00

                    EUR/GBP (pounds per euro)

                    0.66

                    0.83

                    0.90

                    0.85

                    0.91

                    0.91

                    0.90

                    0.93

                    USD/GBP (pounds per dollar)

                    0.59

                    0.64

                    0.79

                    0.76

                    0.77

                    0.76

                    0.74

                    0.75

                    OIL PRICE

                    Brent ($/barrel)

                    42.3

                    82.5

                    57.7

                    65.2

                    42.0

                    55.0

                    60.0

                    62.0

                    Brent (euros/barrel)

                    36.4

                    63.2

                    50.7

                    58.6

                    35.6

                    45.8

                    49.2

                    50.0

                    Forecasts