The benchmark interest rate In the Euro Area was last recorded at 0 percent. Interest Rate in Euro Area averaged 1.90 percent from 1998 until 2019, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0.00 percent in March of 2016. The benchmark interest rate in Cyprus is set by the European Central Bank.European Central Bank.
Interest Rate in Euro Area is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Euro Area to stand at 0.00 in 12 months time. In the long-term, the Euro Area Interest Rate is projected to trend around 0.25 percent in 2020, according to our econometric models.