Euro LIBOR Three Month Rate was quoted at -0.40 percent on Tuesday July 16. Interbank Rate in the Euro Area averaged 1.77 percent from 1998 until 2019, reaching an all time high of 5.39 percent in October of 2008 and a record low of -0.40 percent in July of 2019.
Interbank Rate in Euro Area is expected to be -0.35 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Euro Area to stand at -0.38 in 12 months time. In the long-term, the Euro LIBOR Three Month Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.