ECB policymakers expressed concerns over high inflation and agreed that a gradual normalisation of the monetary policy should continue, minutes from the last ECB meeting in April showed. The central bank also reinforced that net asset purchases under the APP should be concluded in the third quarter, sooner rather than later and that forward guidance conditions for a rise in key interest rates would become crucial for the policy discussion at the June meeting. During the April 2022 meeting, the ECB left interest rates at record low levels and confirmed monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June. With bond buys set to end in the third quarter and as interest rates will only rise thereafter, money markets are currently pointing to the first rise in interest rates in July 2022. source: European Central Bank

Interest Rate in the Euro Area averaged 1.71 percent from 1998 until 2022, 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 May of 2022.

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 0.75 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

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Euro Area Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-03 12:45 PM ECB Interest Rate Decision 0.0% 0.0% 0% 0.0%
2022-03-10 12:45 PM ECB Interest Rate Decision 0.0% 0.0% 0% 0.0%
2022-04-14 11:45 AM ECB Interest Rate Decision 0.0% 0.0% 0% 0.0%
2022-05-24 06:00 PM ECB President Lagarde Speech
2022-05-25 07:00 AM ECB Panetta Speech
2022-05-25 08:00 AM ECB President Lagarde Speech


Related Last Previous Unit Reference
Interest Rate 0.00 0.00 percent Apr 2022
Money Supply M1 11460571.00 11396991.00 EUR Million Mar 2022
Money Supply M2 14916414.00 14851050.00 EUR Million Mar 2022
Money Supply M3 15679280.00 15607837.00 EUR Million Mar 2022
Central Bank Balance Sheet 8810309.00 8796118.00 EUR Million May 2022
Foreign Exchange Reserves 78.29 77.93 USD Billion Mar 2022
Loans to Private Sector 4896629.00 4856214.00 EUR Million Mar 2022
Lending Rate 0.25 0.25 percent May 2022
Deposit Interest Rate -0.50 -0.50 percent Apr 2022
Loan Growth 4.50 4.40 percent Mar 2022

Euro Area Interest Rate
In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 4.75 0.00 1998 - 2022 percent Daily

News Stream
ECB Worries Over Inflation, Urges Policy Tightening
ECB policymakers expressed concerns over high inflation and agreed that a gradual normalisation of the monetary policy should continue, minutes from the last ECB meeting in April showed. The central bank also reinforced that net asset purchases under the APP should be concluded in the third quarter, sooner rather than later and that forward guidance conditions for a rise in key interest rates would become crucial for the policy discussion at the June meeting. During the April 2022 meeting, the ECB left interest rates at record low levels and confirmed monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June. With bond buys set to end in the third quarter and as interest rates will only rise thereafter, money markets are currently pointing to the first rise in interest rates in July 2022.
2022-05-19
ECB Lagarde Strengthens Case for July Hike
The first-rate hike will take place sometime after the end of net asset purchases which could mean a period of only a few weeks, ECB President Lagarde said during a conference in Ljubljana. The ECB confirmed during its April meeting that it will conclude its net asset purchases in the third quarter. Investors are currently expecting the ECB to raise rates by 25bps in both July and September while delivering another increase at the end of the year as inflation in the Euro Area is running more than 3 times above the central bank target of 2% and will likely stay high for some time. During the April 2022 meeting, ECB policymakers left interest rates at record low levels and confirmed monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June.
2022-05-11
ECB Says Asset Purchases Will Likely End in Q3
ECB policymakers said during the April 2022 meeting that incoming data reinforced expectations that net asset purchases should be concluded in the third quarter. Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June, the same as defined in the previous meeting and that any adjustments in the interest rate will take place some time after the end of the asset purchase programme and will be gradual. During the regular press conference however, President Lagarde said the exact end-date for the APP hasn’t been determined, nor has the timeline for potential increases in interest rates. On the economic front, the central bank noticed that inflation pressures have intensified and inflation has increased significantly and will remain high over the coming months, mainly because of the sharp rise in energy costs.
2022-04-14