The European Central Bank kept interest rates unchanged at its April meeting, with the main refinancing rate at 2.15% and the deposit facility at 2.0%, as policymakers adopted a cautious stance, assessing the impact of the Iran war on inflation and growth. While the ECB remains well-positioned to navigate uncertainty, officials noted that upside risks to inflation and downside risks to growth have intensified. They emphasized that longer-term inflation expectations remain anchored, though shorter-term expectations have risen significantly. At the post-meeting press conference, ECB President Christine Lagarde said the decision to hold rates was unanimous, though policymakers debated various options, including a possible hike. She added that the discussion centered on the fact that the ECB is "certainly moving away" from its baseline scenario. source: European Central Bank

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. Interest Rate in Euro Area averaged 1.88 percent from 1998 until 2026, 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. 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 2026.

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. Interest Rate in Euro Area is expected to be 2.40 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 2.40 percent in 2027 and 2.15 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-05 01:15 PM ECB Interest Rate Decision 2.15% 2.15% 2.15% 2.15%
2026-03-19 01:15 PM ECB Interest Rate Decision 2.15% 2.15% 2.15% 2.15%
2026-04-30 12:15 PM ECB Interest Rate Decision 2.15% 2.15% 2.15% 2.15%
2026-05-20 07:00 AM ECB Non-Monetary Policy Meeting
2026-06-11 12:15 PM ECB Interest Rate Decision 2.15% 2.4%
2026-06-25 07:00 AM ECB General Council Meeting


Related Last Previous Unit Reference
Central Bank Balance Sheet 6196001.00 6215651.00 EUR Million May 2026
Deposit Facility Rate 2.00 2.00 percent Apr 2026
Foreign Exchange Reserves 123.42 128.36 USD Billion Mar 2026
ECB Interest Rate 2.15 2.15 percent Apr 2026
Marginal Lending Rate 2.40 2.40 percent Apr 2026
Loans to Households YoY 3.00 3.00 percent Mar 2026
Loans to Non-financial Corporations 5383072.00 5356270.00 EUR Million Mar 2026
Longer-Term Refinancing Operations 10.57 11.23 EUR Billion Dec 2025
Money Supply M0 4180377.00 4243226.00 EUR Million Mar 2026
Money Supply M1 11279794.00 11234619.00 EUR Million Mar 2026
Money Supply M2 16277495.00 16244574.00 EUR Million Mar 2026
Money Supply M3 17446547.00 17367374.00 EUR Million Mar 2026
Refinancing Operations 10.65 10.04 EUR Billion Dec 2025


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
2.15 2.15 4.75 0.00 1998 - 2026 percent Daily

News Stream
ECB Holds Rates Steady as Iran War Raises Inflation Risks
The European Central Bank kept interest rates unchanged at its April meeting, with the main refinancing rate at 2.15% and the deposit facility at 2.0%, as policymakers adopted a cautious stance, assessing the impact of the Iran war on inflation and growth. While the ECB remains well-positioned to navigate uncertainty, officials noted that upside risks to inflation and downside risks to growth have intensified. They emphasized that longer-term inflation expectations remain anchored, though shorter-term expectations have risen significantly. At the post-meeting press conference, ECB President Christine Lagarde said the decision to hold rates was unanimous, though policymakers debated various options, including a possible hike. She added that the discussion centered on the fact that the ECB is "certainly moving away" from its baseline scenario.
2026-04-30
ECB to Hold Rates in April Amid Iran War Impact
The European Central Bank is expected to hold interest rates steady at its April meeting, as investors adopt a wait-and-see approach to gauge the impact of the Iran war on inflation and economic growth. ECB President Christine Lagarde and board member Isabel Schnabel have signaled the bank will take its time before deciding on further tightening, with investors closely watching the press conference for any additional cues. Eurozone inflation accelerated to 2.6% in March, the highest since July 2024, driven by rising energy costs. Despite the cautious stance, markets are fully pricing in three ECB rate hikes in 2026, with the first potentially arriving as early as June.
2026-04-30
ECB Signals No Fixed Rate Path Amid Uncertainty
ECB policymakers acknowledged that the war in the Middle East had made the outlook significantly more uncertain, creating upside risks for inflation and downside risks for growth, although the central bank was well positioned to navigate this uncertainty, minutes from the March ECB meeting showed. The environment could change rapidly, and uncertainty regarding both the war and its economic impact was likely to remain very high in the future, but it was also possible that this uncertainty might be resolved over the coming weeks or months. Although the near-term inflation outlook had been revised up substantially, inflation was still seen to stabilise around the 2% target over the medium term. Against this background, keeping rates unchanged in March while retaining optionality for future meetings was a prudent approach. The meeting-by-meeting approach without any pre-commitment to a particular rate path was especially helpful at this juncture.
2026-04-16