The outlook for inflation over the medium term remains subdued and therefore the European Central Bank is very unlikely to raise interest rates next year, ECB President Christine Lagarde said in a news conference following the last Governing Council meeting in Lisbon. In its latest monetary policy meeting, the European Central Bank left monetary policy unchanged and pledged once again to keep interest rates at record-low levels until inflation rises back to the ECB's 2% target by the middle of its projection horizon and holds there on a durable basis. source: European Central Bank
Interest Rate in the Euro Area averaged 1.75 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 November 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. In the long-term, the Euro Area Interest Rate is projected to trend around 0.10 percent in 2022 and 0.25 percent in 2023, according to our econometric models.