By / March 3, 2014

Long-term interest rates: evolution between January 2008 and December 2013

Long-term interest rates: evolution between January 2008 and December 2013

Long-term interest rates: evolution between January 2008 and December 2013

The small graphs show the long-term interest rates for all MS from January 2008 to
December 2013, highlighting the peaks and troughs in the period. Long-term interest
rates refer to government bonds with a residual maturity of around ten years.
Harmonised long-term rates are published by the ECB for purposes of convergence
assessment. Low long-term interest rates encourage business investment, which is
a major source of economic growth. NB There are no Estonian sovereign debt securities that comply with the European Central Bank definition of long-term interest
rates for convergence purposes.


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