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.

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Euro Area Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
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%
2022-06-09 11:45 AM ECB Interest Rate Decision 0% 0% 0% 0%
2022-06-29 12:00 AM ECB Forum on Central Banking
2022-06-29 07:45 AM ECB Guindos Speech
2022-06-29 10:15 AM ECB Schnabel Speech


Related Last Previous Unit Reference
Interest Rate 0.00 0.00 percent Jun 2022
Money Supply M1 11489395.00 11463052.00 EUR Million Apr 2022
Money Supply M2 14962268.00 14918652.00 EUR Million Apr 2022
Money Supply M3 15716542.00 15670986.00 EUR Million Apr 2022
Central Bank Balance Sheet 8827944.00 8820944.00 EUR Million Jun 2022
Foreign Exchange Reserves 80.52 81.69 USD Billion May 2022
Loans to Private Sector 4918974.00 4892054.00 EUR Million Apr 2022
Lending Rate 0.25 0.25 percent Jun 2022
Deposit Interest Rate -0.50 -0.50 percent Jun 2022
Loan Growth 4.50 4.50 percent Apr 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 Committed to Bring Inflation Down
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.
2022-06-28
ECB to Create Tool to Prevent Bond Yields Fluctuations
The ECB decided to accelerate the completion of the design of a new anti-fragmentation instrument aimed to prevent unwarranted jumps in euro-area bond yields during an emergency meeting on June 15th 2022. Policymakers also decided to apply flexibility in reinvesting redemptions coming due in the PEPP portfolio, with a view to preserving the functioning of the monetary policy transmission mechanism. The moves came after Italian bond yields surged much more than in other countries, as the central bank is set to start raising borrowing costs next month. The ECB said during its June meeting that it will end net asset purchases under its APP as of July 1st 2022 and intends to raise the key ECB interest rates by 25bps in July as inflation in the Euro Area shows no signs of picking. The central bank also said it expects to raise borrowing rates again in September and the rise could be bigger than the one in July, if the inflation outlook deteriorates.
2022-06-15
ECB to Raise Rates by 25bps in July
The ECB said during its June meeting that it will end net asset purchases under its APP as of July 1st 2022 and intends to raise the key ECB interest rates by 25 basis points in July. It will be the first increase in borrowing costs in more than a decade, as inflation in the Euro Area shows no signs of picking. The central bank also said it expects to raise borrowing rates again in September and the rise could be bigger than the one in July, if the inflation outlook deteriorates. From September, a gradual but sustained path of further increases will be appropriate. On the prince front, inflation projections were revised up to 6.8% in 2022, 3.5% in 2023 and 2.1% in 2014. The growth outlook was also revised to a lower 2.8% this year and 2.1% next year but for 2024, the economy is seen expanding faster by 2.1%. The key refinancing operations rate currently stands at 0%, the marginal lending facility rate at 0.25% and the deposit lending rate at -0.5%, all at record low levels.
2022-06-09