The benchmark interest rate in Ireland is set by the European Central Bank. The European Central Bank is expected to leave monetary policy unchanged during its 1st meeting of 2021, after expanding its Pandemic Emergency Purchase Programme (PEPP) by another €500 billion and extending it to at least the end of March 2022 last month. However, investors see the central bank reiterating its commitment to adjust policy as and when necessary, leaving the door open to further stimulus, amid mounting infections and fresh lockdowns. Traders will also keep an eye on ECB President Lagarde comments at the regular press conference regarding the near-term outlook and risks surrounding the baseline scenario. The pandemic is far from controlled in Europe and countries continue to tight restrictions but some downside risks have faded since last month: coronavirus vaccination rollout already began although at a slow pace and a Brexit deal has been done. 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 - Ireland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland 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.