Key data points
Last release
—
Observation period
Dec 12, 2024
Next release
—
Forecast
—
Highest
4.75 % on May 2, 2001
Lowest
0.00 % on Jun 9, 2022
About Euro Area interest rate
In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.
Related indicators
Frequently Asked Questions
Euro Area interest rate is 3.15% at the moment.
Last month Euro Area interest rate was 3.15%, and the month before that it amounted to 3.4%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.