The ECB will continue its policy normalisation path and will go as far as necessary to bring Euro Area inflation back to the 2% target, President Lagarde said during a speech at the ECB's annual forum in Portugal. Lagarde confirmed that net asset purchases will end on July 1st and interest rates will be raised by 25bps also in July, the first rate hike in 11 years. At the same time, Lagarde stressed the central bank will be flexible when net asset purchases end and could reinvest some redemptions in bond markets where orderly transmission is at risk. The ECB is preparing a new anti-fragmentation tool to help tighten widening spreads among countries such as Italy and Spain where bond yields soared since the central bank took a more hawkish stance in June. Still, the new instrument will have to be effective ad proportionate and containing sufficient safeguards to preserve the impetus of member states towards a sound fiscal policy. source: European Central Bank
Interest Rate in the Euro Area averaged 1.70 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 June 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 1.75 percent in 2023 and 1.50 percent in 2024, according to our econometric models.