Interest rates
The European Central Bank and Eurostat have published, for the first time, statistics on long-term interest rates for nine acceding countries, including Malta, that will join the European Union tomorrow. These interest rates will be used to assess the...
The European Central Bank and Eurostat have published, for the first time, statistics on long-term interest rates for nine acceding countries, including Malta, that will join the European Union tomorrow.
These interest rates will be used to assess the degree of convergence of these countries for the purposes of Economic and Monetary Union (EMU), as required by the Treaty establishing the European Community. Simultaneously, a separate interest rate indicator for Estonia is being published.
These interest rates have been defined jointly by the European Central Bank, the national central banks of the acceding countries and Eurostat. The statistical framework for the acceding countries follows the same principles that were applied to the current EU member states in the run-up to Stage Three of EMU.
Monthly updates of these statistics will be posted on the websites of the European Central Bank and Eurostat.
Further details are available from the ECB's website or Eurostat's website.
www.ecb.int www.europa.eu.int/comm/eurostat