Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Slovak Republic
IR3TIB01SKM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.98
Year-over-Year Change
-46.74%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the 3-month or 90-day interbank interest rates in the Slovak Republic. It is a key indicator of short-term borrowing costs and liquidity in the Slovak financial markets.
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 3-month interbank rate in Slovakia represents the average interest rate at which banks lend to one another for a 3-month period. It is an important benchmark for other short-term lending rates and can signal broader economic conditions.
Methodology
The data is collected and published by the National Bank of Slovakia.
Historical Context
Policymakers and analysts monitor this rate to assess monetary policy and financial stability.
Key Facts
- The 3-month interbank rate in Slovakia averaged 0.37% in 2022.
- This rate has fluctuated between 0.01% and 4.72% over the past decade.
- Slovakia adopted the Euro currency in 2009, tying its monetary policy to the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 3-month or 90-day interbank interest rate in the Slovak Republic, which represents the average rate at which banks lend to each other for short-term loans.
Q: Why is this trend relevant for users or analysts?
A: The 3-month interbank rate is an important benchmark for short-term borrowing costs and liquidity in the Slovak financial markets, providing insights into the country's monetary conditions and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and published by the National Bank of Slovakia, the country's central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this rate to assess monetary policy and financial stability, as it signals broader economic conditions in Slovakia and the Eurozone.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, typically within a few weeks of the reference period. There may be some limitations due to the specific market conditions in Slovakia.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Slovak Republic (IR3TIB01SKM156N), retrieved from FRED.