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.