Euro Area interest rateEuro Area interest rateEuro Area interest rate

Euro Area interest rate

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Key data points

Last release
Next release
Time to release
Forecast
Observation period
Apr 2024
Highest
4.75%Oct 5, 2000
Lowest
Mar 10, 2016

About Euro Area interest rate

Category
Money
Frequency
Monthly
Units
%
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.