ECB policymakers agreed that headline inflation was at a very low level and that it continued to be distant from the ECB target, while a further appreciation of the euro posed risk to the inflation outlook, the accounts of the January's meeting showed. Looking ahead, the risks surrounding the Eurozone growth outlook remained tilted to the downside but had become less pronounced, due to positive news about the global economy, the agreement on future EU-UK relations and the launch of vaccination campaigns. However, the ongoing pandemic and its implications for economic and financial conditions continued to be sources of downside risk. In January, the ECB left its main interest rate at 0.0 percent and maintained its PEPP quota at 1.85 trillion euros with the buys to run at least until March 2022. source: European Central Bank
Interest Rate in the Euro Area averaged 1.80 percent from 1998 until 2021, 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. Euro Area Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
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 2022, according to our econometric models.