The European Central Bank left its key deposit facility rate unchanged at -0.4 percent on March 7th 2019, in line with market expectations. Deposit Interest Rate in the Euro Area averaged 1.28 percent from 1999 until 2019, reaching an all time high of 3.75 percent in October of 2000 and a record low of -0.40 percent in March of 2016.
Deposit Interest Rate in Euro Area is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Euro Area to stand at -0.40 in 12 months time. In the long-term, the Euro Area Deposit Facilty Rate is projected to trend around 0.75 percent in 2020, according to our econometric models.