• GDP - Projection
  • Inflation - Projection
      Update date 10-05-2022
          Update date 10-05-2022

          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
            2008-2018

            2019

            2020

            2021

            2022

            2023

            INTEREST RATES

            Dollar

            Fed funds (upper limit)

            3.43

            0.68

            1.75

            0.25

            0.25

            2.50

            2.75

            3-month Libor

            3.62

            0.89

            1.91

            0.23

            0.21

            2.65

            2.70

            12-month Libor

            3.86

            1.40

            1.97

            0.34

            0.52

            3.15

            3.00

            2-year government bonds

            3.70

            0.95

            1.63

            0.13

            0.62

            2.55

            2.60

            10-year government bonds

            4.70

            2.61

            1.86

            0.93

            1.45

            3.00

            3.10

            Euro

            ECB depo

            2.05

            0.26

            –0.50

            –0.50

            –0.50

            0.00

            0.75

            ECB refi

            3.05

            0.82

            0.00

            0.00

            0.00

            0.50

            1.25

            Eonia

            3.12

            0.47

            –0.46

            –0.47

            –0.49

            0.05

            1.00

            1-month Euribor

            3.18

            0.58

            –0.45

            –0.56

            –0.60

            0.04

            0.97

            3-month Euribor

            3.24

            0.74

            –0.40

            –0.54

            –0.58

            0.12

            1.03

            6-month Euribor

            3.29

            0.88

            –0.34

            –0.52

            –0.55

            0.32

            1.16

            12-month Euribor

            3.40

            1.07

            –0.26

            –0.50

            –0.50

            0.53

            1.29

            Germany

            2-year government bonds

            3.41

            0.45

            –0.63

            –0.73

            –0.69

            0.75

            1.30

            10-year government bonds

            4.31

            1.70

            –0.27

            –0.57

            –0.31

            1.10

            1.70

            Spain

            3-year government bonds

            3.62

            1.87

            –0.36

            –0.57

            –0.45

            1.38

            1.88

            5-year government bonds

            3.91

            2.39

            –0.09

            –0.41

            –0.25

            1.58

            2.08

            10-year government bonds

            4.42

            3.40

            0.44

            0.05

            0.42

            2.30

            2.70

            Risk premium

            11

            171

            71

            62

            73

            120

            100

            Portugal

            3-year government bonds

            3.68

            3.66

            –0.34

            –0.61

            –0.64

            1.47

            2.04

            5-year government bonds

            3.96

            4.30

            –0.12

            –0.45

            –0.35

            1.72

            2.24

            10-year government bonds

            4.49

            5.03

            0.40

            0.02

            0.34

            2.25

            2.70

            Risk premium

            19

            334

            67

            60

            65

            115

            100

            EXCHANGE RATES

            EUR/USD (dollars per euro)

            1.13

            1.28

            1.11

            1.22

            1.13

            1.10

            1.18

            EUR/GBP (pounds per euro)

            0.66

            0.84

            0.85

            0.90

            0.86

            0.84

            0.84

            OIL PRICE

            Brent ($/barrel)

            42.3

            81.6

            65.2

            50.2

            74.8

            95.0

            80.0

            Brent (euros/barrel)

            36.4

            62.9

            58.6

            41.3

            66.2

            86.4

            68.4

            Forecasts

            Update date 10-05-2022