The ECB President Christine Lagarde called for fiscal stimulus measures in the Euro Zone warning that monetary policy isn't "the only game in town" and the longer the accommodative measures remain in place, the greater the risk that side effects will become more pronounced. The President also told European Union lawmakers that the bank is looking into whether the introduction of a digital currency could serve a clear purpose for the public and support the ECB's objectives. Euro Area Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in the Euro Area averaged 1.88 percent from 1998 until 2019, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. This page provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: European Central Bank

Interest Rate in Euro Area is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Euro Area to stand at 0.00 in 12 months time. In the long-term, the Euro Area Interest Rate is projected to trend around 0.00 percent in 2020, according to our econometric models.


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Euro Area Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 4.75 0.00 1998 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-09-12 11:45 AM ECB Interest Rate Decision 0% 0% 0% 0%
2019-10-24 11:45 AM ECB Interest Rate Decision 0% 0% 0% 0%
2019-12-12 12:45 PM ECB Interest Rate Decision 0% 0% 0% 0%
2020-01-23 12:45 PM ECB Interest Rate Decision 0% 0% 0% 0%
2020-02-18 01:45 PM ECB Panetta Speech
2020-02-19 08:00 AM ECB Non-Monetary Policy Meeting
2020-02-20 10:30 AM ECB Guindos Speech
2020-02-20 12:30 PM ECB Monetary Policy Meeting Accounts


News Stream
ECB Warns of Low Rate Risks
The ECB President Christine Lagarde called for fiscal stimulus measures in the Euro Zone warning that monetary policy isn't "the only game in town" and the longer the accommodative measures remain in place, the greater the risk that side effects will become more pronounced. The President also told European Union lawmakers that the bank is looking into whether the introduction of a digital currency could serve a clear purpose for the public and support the ECB's objectives.
2020-02-11
ECB Holds Rates, Lagarde Fails to Provide New Info
The European Central Bank left the key interest rate on the main refinancing operations steady at 0% during its January 2020 meeting, as expected. The marginal lending facility was also kept at 0.25% and the deposit facility at -0.50%. During the press conference, the ECB President Lagarde failed to provide any new information on the monetary policy, economic outlook and strategic review and said details of the review of the ECB's monetary strategy will be made available only later. Lagarde added that incoming data is in line with the ECB baseline scenario and there are some signs of moderate increase in underlying inflation. She added that the governing council stands ready to adjust the instruments if needed.
2020-01-23
ECB Holds Rates, Eyes Turn to Lagarde Press Conference
The European Central Bank held interest rates at current levels and left its stimulus measures unchanged during its January policy meeting, as widely expected. All eyes are now on President Christine Lagarde's press conference at 14:30 CET today, at which she is likely to announce the central bank's first strategic review since 2003. Officials are expected to tweak their inflation target following years of muted pressures, with some policymakers favouring the creation of a tolerance band around 2 percent.
2020-01-23
ECB Set to Hold Rates, Launch Policy Review
The European Central Bank is seen holding rates at current levels and leave other monetary stimulus measures unchanged at its first policy meeting of 2020, with focus turning to President Christine Lagarde's announcement of the central bank's first strategic review in nearly two decades. The topics could include changes in inflation target, digital money and the fight against climate change. The ECB has failed to meet its inflation target for years, with some policymakers favouring the creation of a tolerance band around 2 percent.
2020-01-23

Euro Area Interest Rate
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. .