The ECB left monetary policy unchanged during its April meeting, as officials took a wait-and-see approach after last month’s decision to conduct emergency bond purchases at a significantly higher pace over Q2. Interest rates were kept at record-low levels and the PEPP quota was maintained at €1.85 trillion with the buys to run at least until March 2022. The central bank reiterated that the envelope might not need to be used in full if favorable financing conditions can be maintained, but could be recalibrated if required to help counter the negative pandemic shock to the path of inflation. President Lagarde said at the press conference that although inflation has picked up over recent months due to temporary factors, underlying price pressures remain subdued in the context of significant economic slack and weak demand. She added that economic activity is seen rebounding firmly in the course of 2021, but the near-term economic outlook remained uncertain. 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 - 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 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.