The European Central Bank left monetary policy unchanged during its July meeting, as policymakers took a wait-and-see approach to assess the effectiveness of a series of unprecedented measures taken over the past four months to support the bloc's economy amid the coronavirus crisis. The ECB kept its main refinancing rate unchanged at 0% while the deposit rate remained at a record low -0.5%. In addition, the central bank pledged to buy up to €1.35 trillion worth of debt through June 2021 under its Pandemic Emergency Purchase Programme.
Interest Rate in the Euro Area averaged 1.84 percent from 1998 until 2020, 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 - Italy Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: 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 0.00 percent in 2021, according to our econometric models.