The benchmark interest rate in Belgium is set by the European Central Bank. ECB policymakers agreed that Euro Area financing conditions had remained broadly stable since the last monetary policy meeting in March thanks to the central bank's decision to significantly increase the pace of net asset purchases under the PEPP, the account of April's meeting showed. However, members recalled that the monetary policy meeting in June would provide the next opportunity to conduct a thorough assessment of financing conditions and the inflation outlook, as they seemed especially concerned about the firming of the euro against the dollar. source: European Central Bank
Interest Rate in the Euro Area averaged 1.78 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 - Belgium Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on May 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.