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Euro Area Interest Rate

Last Release
Sep 2021
Actual
0 %
Forecast
N/A
Previous
0 %
Frequency
Daily
Units In
%
Next Release
Oct 28, 2021
Time to Release
4 Days 5 Hours
Highest
Lowest
Average
Date Range
Source
4.75 %
Apr 2001
0 %
Oct 2018
1.75 %1998 - 2021European Central Bank
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. .

Latest Updates

ECB policymakers discussed a bigger cut in asset purchases and some even argued that markets were already expecting an end of stimulus by March 2022, minutes from the ECB September monetary policy meeting showed. Still, the ECB concluded that a moderately lower pace of net asset purchases under the PEPP for the rest of the year would be appropriate, amid favourable financing conditions along with an improved medium-term outlook for inflation. The ECB has also lifted its growth and inflation forecasts for this year. Inflation is now seen at 2.2% in 2021 (vs 1.9% estimated in June), 1.7% in 2022 (vs 1.5%) and 1.5% in 2023 (vs 1.4%). Regarding growth, the bloc's economy is expected to expand by 5% in 2021 (vs 4.6%), 4.6% in 2022 (vs 4.7%) and 2.1% in 2023 (vs 2.1%).

Euro Area Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

News

All News
DATETIMETITLE
Oct 7, 202112:10ECB Discussed Bigger Cut in Bond Buys
Sep 9, 202111:47ECB Slows PEPP Bond-Buying, Raises Inflation Forecasts
Sep 9, 202108:31ECB Likely to Dial Back Emergency Support
Aug 26, 202112:23ECB Members Debate New Guidance on Rates
Jul 22, 202111:47ECB Revises Forward Guidance on Rates
Jul 22, 202106:47ECB to Promise More Stimulus, Tweak Guidance
Jan 16, 202013:03ECB More Upbeat on Economic, Inflation Outlook: Minutes

Calendar

ECONOMIC CALENDAR
DATETIMEEVENTActual
Oct 24, 201912:30ECB Press Conference
Oct 24, 201911:45ECB Interest Rate Decision0
Sep 12, 201912:30ECB Press Conference
Sep 12, 201911:45ECB Interest Rate Decision0
Jul 25, 201912:30ECB Press Conference
Jul 25, 201911:45ECB Interest Rate Decision0
Jul 11, 201911:30ECB Monetary Policy Meeting Accounts

A Look at the Markets

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Euro Area money Indicators

All Euro Area indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
8,314,285
Oct 2021
8,289,148
Oct 2021
692,641
Feb 1999
8,314,285
Oct 2021
EUR MillionWeekly1999 - 2021
Deposit Interest Rate
-0.5
Sep 2021
-0.5
Aug 2021
-0.5
Sep 2019
3.75
Apr 2001
%Monthly1999 - 2021
Foreign Exchange Reserves
71.29
Sep 2021
72.34
Aug 2021
34.91
Feb 2005
79.24
Apr 2020
USD BillionMonthly1999 - 2021
Interbank Rate
-0.57
Oct 2021
-0.57
Oct 2021
-0.57
Dec 2020
5.39
Oct 2008
%Daily1998 - 2021
Interest Rate
0
Sep 2021
0
Aug 2021
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2021
Loan Growth
4.2
Aug 2021
4.2
Jul 2021
-0.4
Nov 2013
9.9
Apr 2006
%Monthly2004 - 2021

Interest Rate across Europe

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
0.5
Oct 2021
0.5
Aug 2021
0.5
Mar 2020
8.5
Nov 2002
%Daily2001 - 2021
Armenia
7.25
Sep 2021
7
Aug 2021
4.25
Sep 2020
10.5
Jun 2015
%Daily2010 - 2021
Euro Area
0
Sep 2021
0
Aug 2021
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2021
Belarus
9.25
Sep 2021
9.25
Aug 2021
7.75
Jun 2020
480
Nov 1994
%Daily1991 - 2021
Bosnia and Herzegovina
3.44
Aug 2021
3.02
Jun 2021
2.83
Nov 2020
80.25
Jan 1999
%Monthly1998 - 2021
Croatia
2.5
Sep 2021
2.5
Aug 2021
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2021

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