European Central Bank policymakers indicated that the very generous monetary policy support to the economy would need to be reassessed at some point in the future in view of the improved inflation outlook, and be brought towards a more neutral configuration over time, the accounts of the central bank's last policy meeting showed. Officials agreed that the recent price pressure was expected to be more persistent than previously anticipated and that the uncertainty around the medium-term prospects was seen as elevated, but reiterated once again that the uptick in inflation was driven largely by temporary factors that would fade in the course of 2022. Members also cautioned that the data available in December might not provide a firm view on the inflation path and that the central bank must keep policy options open to allow for future monetary policy actions. source: European Central Bank
Interest Rate in the Euro Area averaged 1.75 percent from 1998 until 2021, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. This page provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
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. In the long-term, the Euro Area Interest Rate is projected to trend around 0.10 percent in 2022 and 0.25 percent in 2023, according to our econometric models.