ECB policymakers noted that the recent and projected increase in inflation was largely driven by temporary factors that were expected to ease in 2022 but warned that a “higher for longer” inflation scenario could not be ruled out, accounts from its December 2021 meeting showed. For 2023 and 2024, inflation is projected relatively close to 2% but considering the upside risks, could easily turn out above 2%. At the same time, the central bank reiterated net purchases under the PEPP could be scaled down and discontinued at the end of March but noted that substantial monetary policy support was still needed, thus an interest rate hike this year is highly unlikely. source: European Central Bank

Interest Rate in the Euro Area averaged 1.73 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 January 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 0.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Euro Area Interest Rate


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 - 2021 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2021-09-09 11:45 AM ECB Interest Rate Decision 0.0% 0.0% 0% 0.0%
2021-10-28 11:45 AM ECB Interest Rate Decision 0.0% 0.0% 0% 0.0%
2021-12-16 12:45 PM ECB Interest Rate Decision 0.0% 0.0% 0% 0.0%
2022-02-03 12:45 PM ECB Interest Rate Decision 0.0% 0% 0.0%
2022-02-03 01:30 PM ECB Press Conference
2022-02-16 08:00 AM ECB Non-Monetary Policy Meeting


Related Last Previous Unit Reference
Interest Rate 0.00 0.00 percent Dec/21
Money Supply M1 11155921.00 11115828.00 EUR Million Nov/21
Money Supply M2 14584944.00 14538467.00 EUR Million Nov/21
Money Supply M3 15390560.00 15330668.00 EUR Million Nov/21
Central Bank Balance Sheet 8600346.00 8593991.00 EUR Million Jan/22
Foreign Exchange Reserves 77.86 76.29 USD Billion Dec/21
Loans to Private Sector 4933714.00 4912891.00 EUR Million Nov/21
Lending Rate 0.25 0.25 percent Jan/22
Deposit Interest Rate -0.50 -0.50 percent Dec/21
Loan Growth 4.20 4.10 percent Nov/21


News Stream
Euro Area Inflation Could Stay High for Longer: ECB
ECB policymakers noted that the recent and projected increase in inflation was largely driven by temporary factors that were expected to ease in 2022 but warned that a “higher for longer” inflation scenario could not be ruled out, accounts from its December 2021 meeting showed. For 2023 and 2024, inflation is projected relatively close to 2% but considering the upside risks, could easily turn out above 2%. At the same time, the central bank reiterated net purchases under the PEPP could be scaled down and discontinued at the end of March but noted that substantial monetary policy support was still needed, thus an interest rate hike this year is highly unlikely.
2022-01-20
ECB Reduces Pace of Bond Buying
The European Central Bank at its December meeting announced it would reduce the pace of its asset purchases under its €1.85 trillion PEPP next quarter and wind down the scheme next March, citing the progress on economic recovery and towards its medium-term inflation target. The bank also said it would ramp up bond buys under its longer-running but more rigid APP, aiming to offset some of this lost stimulus. It will buy €40 billion of bonds under the APP in the second quarter, €30 billion in the third quarter, then from October onwards, purchases will be maintained at €20 billion, for as long as necessary to support the economy. ECB officials have also maintained their narrative that the latest spike in inflation is “transitory”, even as latest data showed consumer prices rose in November by the most since July 1991.
2021-12-16
ECB to Reduce Pace of Bond Buying
The European Central Bank on Thursday is expected to decide on the future of the bond-buying program and to pledge once again to keep borrowing costs exceptionally low for some time, as policymakers weigh concerns over the region's slowing economic growth due to new COVID restrictions against rising inflation. The bloc's central bank is seen announcing a reduction in bond buys under its €1.85 trillion PEPP over the next quarter, and then wound them down at the end of March, while the long-running APP should be ramped up to offset some of this lost stimulus. The ECB is also likely to signal that it will keep buying bonds throughout the year, in an attempt to rule out any rate hike in 2022. ECB officials have maintained their narrative that the latest spike in inflation is “transitory” and that it will start to fall from early next year, despite latest data showing consumer prices rose in November by the most since July 1991.
2021-12-16