The European Central Bank left monetary policy unchanged during its January 2021 meeting, as policymakers took a wait-and-see approach following last month's decision to expand and extend its pandemic emergency programme. Still, policymakers showed readiness to take further action if necessary, as record COVID-19 infections and new lockdowns hit the Euro Area economy and as consumer prices remain in deflationary territory. The ECB left its main interest rate at 0.0% and maintained its PEPP quota at 1.85 trillion euros with the buys to run at least until March 2022. source: European Central Bank
Interest Rate in the Euro Area averaged 1.80 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 February 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.