The European Central Bank maintained interest rates at record-high levels for a fifth consecutive time during its April meeting, with the main refinancing operations rate remaining unchanged at a 22-year high of 4.5% and the deposit facility rate holding at an all-time record of 4%. The bloc's central bank also said it may consider reducing the level of policy restriction, if it becomes more confident that inflation is moving steadily toward the 2% target. Officials also acknowledged that inflation has continued to decline, with most measures of underlying inflation and wage growth easing. However, they cautioned that domestic price pressures remain strong, leading to high services price inflation. During the central bank's press conference, President Lagarde told reporters that the ECB is not pre-committing to a particular rate path, and future moves will be data-dependent. source: European Central Bank
The benchmark interest rate In the Euro Area was last recorded at 4.50 percent. Interest Rate in Euro Area averaged 1.81 percent from 1998 until 2024, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0.00 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 April of 2024.
The benchmark interest rate In the Euro Area was last recorded at 4.50 percent. Interest Rate in Euro Area is expected to be 4.25 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 2.50 percent in 2025 and 2.25 percent in 2026, according to our econometric models.