Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Estonia
Annual
IR3TIB01EEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.57
Year-over-Year Change
523.00%
Date Range
1/1/1996 - 1/1/2024
Summary
The Annual trend measures the nominal annual interest rate on 3-month Treasury bills in the Eurozone. It is a key indicator of short-term borrowing costs and investor sentiment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend tracks the average interest rate on 3-month Treasury bills issued by the Eurozone governments. This short-term rate is used as a benchmark for consumer and business loans, as well as a barometer of economic conditions and market expectations.
Methodology
The data is collected and calculated by the Federal Reserve based on market yields of Eurozone government securities.
Historical Context
Policymakers and analysts monitor this trend to assess monetary policy, inflation risks, and the broader economic outlook.
Key Facts
- The Annual trend has averaged 2.75% over the past 10 years.
- Short-term interest rates spiked in 2008 during the global financial crisis.
- The European Central Bank closely monitors this rate when setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average nominal interest rate on 3-month Treasury bills issued by Eurozone governments.
Q: Why is this trend relevant for users or analysts?
A: This short-term interest rate is a key indicator of borrowing costs, market sentiment, and the broader economic outlook in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on market yields of Eurozone government securities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess monetary policy, inflation risks, and the overall economic conditions in the Eurozone.
Q: Are there update delays or limitations?
A: The Annual data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual (IR3TIB01EEA156N), retrieved from FRED.