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Euro Area Interest Rate

Last Release
Jul 2021
Actual
0 %
Forecast
N/A
Previous
0 %
Frequency
Daily
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
4.75 %
Apr 2001
0 %
Oct 2018
1.76 %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

The European Central Bank revised its forward guidance on interest rates during its July meeting, saying it expects interest rates to remain at their present or lower levels until it sees inflation reaching 2 percent well ahead of the end of its projection horizon and durably for the rest of the projection horizon, and it judges that realized progress in underlying inflation is sufficiently advanced to be consistent with inflation stabilizing at 2 percent over the medium term. Also, the central bank retained the pace of asset purchases programme at €20 billion per month, reiterating that the PEPP envelope can be recalibrated if required, while confirming it will be reinvesting maturing PEPP bonds at least through the end-2023.

Euro Area Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
Dec 12, 201913:58ECB Leaves Monetary Policy Unchanged
Nov 22, 201910:33Global Uncertainty Could be Europe’s Moment of Opportunity: Lagarde
Nov 21, 201913:52ECB Officials Agree to Adopt "Wait-and-see" Approach
Nov 20, 201909:34ECB Sees Risks to Financial Stability amid Low Rates
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

Euro Area money Indicators

All Euro Area indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
7,926,550
Jul 2021
7,907,807
Jul 2021
692,641
Feb 1999
7,926,550
Jul 2021
EUR MillionWeekly1999 - 2021
Deposit Interest Rate
-0.5
Jul 2021
-0.5
Jun 2021
-0.5
Sep 2019
3.75
Apr 2001
%Monthly1999 - 2021
Foreign Exchange Reserves
70.99
Jun 2021
70.21
May 2021
34.91
Feb 2005
79.24
Apr 2020
USD BillionMonthly1999 - 2021
Interbank Rate
-0.56
Jul 2021
-0.56
Jul 2021
-0.57
Dec 2020
5.39
Oct 2008
%Daily1998 - 2021
Interest Rate
0
Jul 2021
0
Jun 2021
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2021
Loan Growth
3.9
May 2021
3.8
Apr 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
Jul 2021
0.5
May 2021
0.5
Mar 2020
8.5
Nov 2002
%Daily2001 - 2021
Armenia
6.5
Jun 2021
6
May 2021
4.25
Sep 2020
10.5
Jun 2015
%Daily2010 - 2021
Euro Area
0
Jul 2021
0
Jun 2021
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2021
Belarus
8.5
Jun 2021
8.5
May 2021
7.75
Jun 2020
480
Nov 1994
%Daily1991 - 2021
Bosnia and Herzegovina
3.38
May 2021
3.11
Apr 2021
2.83
Nov 2020
80.25
Jan 1999
%Monthly1998 - 2021
Croatia
2.5
Jun 2021
2.5
May 2021
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2021

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