Euro Area Interest Rate

Last Release

Jul 18, 2024

Actual

4.25

Units In

4.25

Frequency

Daily

Next Release

Oct 30, 2025

Time to Release

1 Months 16 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
4.75 Oct 2000	0.5 Jul 2022	1.84 %	1998-2024	European Central Bank

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. .

Latest Updates

The European Central Bank kept its three key interest rates unchanged, with the deposit facility at 2.00%, the main refinancing rate at 2.15%, and the marginal lending rate at 2.40%, as expected. Inflation remains close to the 2% medium-term target, and the outlook is broadly unchanged from June. New staff projections see headline inflation averaging 2.1% in 2025, easing to 1.7% in 2026 before rising slightly to 1.9% in 2027. Core inflation (excluding food and energy) is expected at 2.4% in 2025, 1.9% in 2026, and 1.8% in 2027. Growth is projected at 1.2% in 2025 (up from 0.9%), slowing to 1.0% in 2026, and recovering to 1.3% in 2027. The Governing Council reaffirmed its determination to anchor inflation at 2% in the medium term, emphasizing a cautious, meeting-by-meeting, data-driven approach. President Christine Lagarde said growth risks in the region are more balanced and the disinflationary process is over.