Euro Area Interest Rate
Last Release
Jul 2019
Actual
0 %
Forecast
0 %
Previous
0 %
Frequency
Daily
Units In
%
Next Release
Sep 12, 2019
Time to Release
20 Days 2 Hours
Scroll for more details
Highest | Lowest | Average | Date Range | Source |
4.75 % Apr 2001 | 0 % Oct 2018 | 1.92 % | 1998 - 2019 | European 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.
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Latest Updates
ECB policymakers noted that the economic growth was likely to be weaker than initially thought this year and a package of stimulus measures would be more effective in combating the slowdown than a sequence of selective actions, minutes of the July meeting showed.
Euro Area Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Aug 22, 2019 | 12:03 | ECB Officials Consider Stimulus Package |
| Jul 25, 2019 | 13:18 | ECB Leaves Rates Unchanged but Hints at Future Action |
| Jul 11, 2019 | 11:50 | ECB Policymakers Ready to Cut Rates if Needed: Minutes |
| Jun 18, 2019 | 09:17 | ECB Ready to Provide More Stimulus if Needed: Draghi |
| Jun 6, 2019 | 12:06 | ECB Pushes Out Rate Hike |
| May 23, 2019 | 11:58 | ECB Less Confident on Growth, Inflation Outlook |
| Apr 10, 2019 | 12:56 | ECB Leaves Monetary Policy Unchanged |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT |
|---|---|---|
| Jul 25, 2019 | 12:30 | ECB Press Conference |
| Jul 25, 2019 | 11:45 | ECB Interest Rate Decision |
| Jul 11, 2019 | 11:30 | ECB Monetary Policy Meeting Accounts |
| Jun 6, 2019 | 12:30 | ECB Press Conference |
| Jun 6, 2019 | 11:45 | ECB Interest Rate Decision |
| Apr 10, 2019 | 12:30 | ECB Press Conference |
| Apr 4, 2019 | 11:30 | ECB Monetary Policy Meeting Accounts |
A Look at the Markets
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Euro Area money Indicators
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Indicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Central Bank Balance Sheet | 4,688,182 Jul 2019 | 4,684,376 Jul 2019 | 692,641 Feb 1999 | 4,708,899 Jan 2019 | EUR Million | Weekly | 1999 - 2019 |
| Deposit Interest Rate | -0.4 Jul 2019 | -0.4 Jun 2019 | -0.4 Dec 2018 | 3.75 Apr 2001 | % | Monthly | 1999 - 2019 |
| Foreign Exchange Reserves | 73.27 Jul 2019 | 70.31 Jun 2019 | 34.91 Feb 2005 | 73.27 Jul 2019 | USD Billion | Monthly | 1999 - 2019 |
| Interbank Rate | -0.44 Aug 2019 | -0.44 Aug 2019 | -0.44 Aug 2019 | 5.39 Oct 2008 | % | Daily | 1998 - 2019 |
| Interest Rate | 0 Jul 2019 | 0 Jun 2019 | 0 Oct 2018 | 4.75 Apr 2001 | % | Daily | 1998 - 2019 |
| Loan Growth | 3.3 Jun 2019 | 3.3 May 2019 | -0.4 Nov 2013 | 9.9 Apr 2006 | % | Monthly | 2004 - 2019 |
Interest Rate across Europe
Interest Rate global viewScroll for more details
Country | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Albania | 1 Aug 2019 | 1 Jul 2019 | 1 Nov 2018 | 8.5 Nov 2002 | % | Daily | 2001 - 2019 |
| Armenia | 5.75 Jul 2019 | 5.75 Jun 2019 | 5.75 Jan 2019 | 10.5 Jun 2015 | % | Daily | 2010 - 2019 |
| Euro Area | 0 Jul 2019 | 0 Jun 2019 | 0 Oct 2018 | 4.75 Apr 2001 | % | Daily | 1998 - 2019 |
| Belarus | 9.5 Aug 2019 | 10 Jul 2019 | 9.5 Aug 2019 | 480 Nov 1994 | % | Daily | 1991 - 2019 |
| Bosnia and Herzegovina | 3.35 Jun 2019 | 3.46 May 2019 | 3.34 Apr 2019 | 80.25 Jan 1999 | % | Monthly | 1998 - 2019 |
| Croatia | 2.5 Jun 2019 | 2.5 May 2019 | 2.5 Nov 2018 | 4,290.85 Sep 1993 | % | Daily | 1992 - 2019 |