Interbank Rate In the Euro Area increased to 2.06 percent on Friday August 29 from 2.05 in the previous day. This dataset provides - Euro Area Three Month nterbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at **** percent at the end of 2023, the European Central Bank deposit rate at **** percent, and the Swiss National Bank policy rate at **** percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to *** percent, the ECB refi rate to **** percent, the Bank of England bank rate to **** percent, and the Swiss National Bank policy rate to **** percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

Interbank Rate in Netherlands increased to 2.86 percent in March from 2.64 percent in February of 2023. This dataset provides - Netherlands Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about European Union Long Term Interest Rate

• European Union Government Bond Yield: Monthly Average: Euro: 10 Years was reported at 2.99 % pa in Feb 2025, compared with 3.09 % pa in the previous month.
• EU Long Term Interest Rate data is updated monthly, available from Jan 1970 to Feb 2025.
• The data reached an all-time high of 15.44 % pa in Sep 1981 and a record low of -0.09 % pa in Dec 2020.
• Long Term Interest Rate is reported by reported by European Central Bank.

• In the latest reports, EU Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• EU Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Key information about Germany Long Term Interest Rate

• Germany Long Term Interest Rate: Month Avg: Germany: ECB Harmonised was reported at 2.41 % pa in Feb 2025, compared with 2.48 % pa in the previous month.
• Germany Long Term Interest Rate data is updated monthly, available from Jan 1990 to Feb 2025.
• The data reached an all-time high of 9.09 % pa in Oct 1990 and a record low of -0.65 % pa in Aug 2019.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Germany Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Germany Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Historical dataset of the 12 month LIBOR rate back to 1986. The London Interbank Offered Rate is the average interest rate at which leading banks borrow funds from other banks in the London market. LIBOR is the most widely used global "benchmark" or reference rate for short term interest rates.

This dataset provides values for LIBOR RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Global LIBOR Transition Service market size 2025 was XX Million. LIBOR Transition Service Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Libor Transition Service Market Outlook

As of 2023, the global market size for Libor Transition Services is estimated at approximately USD 1.5 billion, with an expected growth rate at a Compound Annual Growth Rate (CAGR) of 15% to reach around USD 4.3 billion by 2032. This impressive growth is driven by the imminent cessation of the London Interbank Offered Rate (Libor) and the subsequent need for financial institutions to transition to alternative reference rates, ensuring compliance and operational continuity.

The demand for Libor Transition Services is propelled by the regulatory mandate to transition from Libor to alternative reference rates such as SOFR, SONIA, and TONAR. Financial institutions are under significant pressure to adapt their operations and financial instruments to these new benchmarks, creating a surge in demand for consulting, implementation, and support services. This regulatory push is a primary growth driver, ensuring that organizations meet compliance deadlines and mitigate the risk of operational disruptions.

Technological advancements and the increasing use of artificial intelligence and machine learning in financial services are also significant growth factors. These technologies facilitate the efficient transition of financial contracts and systems from Libor to alternative rates, reducing the complexity and time required for the transition. The integration of advanced analytics and automated systems is expected to enhance the accuracy and speed of the transition process, further driving market growth.

Another critical growth factor is the heightened awareness of the financial and reputational risks associated with non-compliance. Financial institutions are increasingly recognizing the potential for significant penalties and damage to their reputation if they fail to transition in a timely and accurate manner. This awareness is driving increased investment in Libor Transition Services to ensure that all aspects of the transition are managed effectively and efficiently, minimizing risk and ensuring smooth operational continuity.

Regionally, North America and Europe are expected to dominate the Libor Transition Service market due to the high concentration of financial institutions and stringent regulatory frameworks in these regions. The Asia Pacific region is also expected to witness significant growth due to the increasing adoption of alternative reference rates and the modernization of financial infrastructure. Latin America and the Middle East & Africa regions, while growing at a slower pace, are also expected to contribute to the overall market expansion due to ongoing regulatory reforms and financial market developments.

Service Type Analysis

The Libor Transition Service market is segmented into Consulting, Implementation, and Support and Maintenance services. Consulting services are expected to dominate the market due to the complex nature of the transition process. These services include advisory on regulatory compliance, risk assessment, and strategic planning, helping financial institutions navigate the intricate landscape of Libor cessation. Consultants play a pivotal role in identifying the most suitable alternative reference rates for various financial instruments and ensuring that the transition strategy aligns with organizational goals and regulatory requirements.

Implementation services are critical for the practical execution of the transition plan. This segment involves the development and deployment of systems and processes that support the adoption of new reference rates. Implementation services include the modification of existing financial contracts, updating IT systems, and training staff on the new operational procedures. Given the technical and operational complexities involved, the demand for specialized implementation services is expected to grow significantly as the transition deadline approaches.

Support and Maintenance services ensure the smooth functioning of newly implemented systems and processes. This segment includes ongoing monitoring, troubleshooting, and upgrading of systems to handle the new reference rates effectively. As financial institutions transition from Libor, the need for continuous support and maintenance becomes crucial to address any post-transition challenges and ensure compliance with evolving regulatory standards. The importance of these services is underscored by the need for sustained operational efficiency and risk management.

Each of these service types plays a vital role in the successful tran

Interactive chart of the daily 3 month LIBOR rate back to 1986. The London Interbank Offered Rate is the average interest rate at which leading banks borrow funds from other banks in the London market. LIBOR is the most widely used global "benchmark" or reference rate for short term interest rates.

The benchmark interest rate in Norway was last recorded at 4.25 percent. This dataset provides the latest reported value for - Norway Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The LIBOR Transition Service market is gaining significant momentum as financial institutions and corporations pivot from the London Interbank Offered Rate (LIBOR) amidst regulatory changes and the need for more robust benchmark rates. LIBOR has been a cornerstone of the global financial system for decades, serving

Key information about Finland Long Term Interest Rate

• Finland Long Term Interest Rate: Month Avg: Finland: ECB Harmonised was reported at 2.82 % pa in Feb 2025, compared with 2.95 % pa in the previous month.
• Finland Long Term Interest Rate data is updated monthly, available from Aug 1991 to Feb 2025.
• The data reached an all-time high of 13.53 % pa in Sep 1992 and a record low of -0.41 % pa in Dec 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Finland Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Finland Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Key information about Italy Long Term Interest Rate

• Italy Long Term Interest Rate: Month Avg: Italy: ECB Harmonised was reported at 3.58 % pa in Feb 2025, compared with 3.68 % pa in the previous month.
• Italy Long Term Interest Rate data is updated monthly, available from Mar 1991 to Feb 2025.
• The data reached an all-time high of 14.42 % pa in Oct 1992 and a record low of 0.58 % pa in Dec 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Italy Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Italy Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Key information about United Kingdom Long Term Interest Rate

• United Kingdom Long Term Interest Rate: Month Avg: United Kingdom: ECB Harmonised was reported at 4.52 % pa in Feb 2025, compared with 4.67 % pa in the previous month.
• UK Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 8.99 % pa in Sep 1994 and a record low of 0.15 % pa in Jul 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, UK Short Term Interest Rate: Month End: ICE LIBOR: 3 Months was reported at 0.09 % pa in Apr 2021.
• The cash rate (Policy Rate: Month End: Base Rate) was set at 4.50 % pa in Feb 2025.
• UK Exchange Rate against USD averaged 0.79 (USD/GBP) in Jun 2023.

Key information about Austria Long Term Interest Rate

• Austria Long Term Interest Rate: Month Avg: Austria: ECB Harmonised was reported at 2.86 % pa in Feb 2025, compared with 2.91 % pa in the previous month.
• Austria Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 7.72 % pa in Jan 1995 and a record low of -0.42 % pa in Dec 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Austria Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Austria Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Key information about Belgium Long Term Interest Rate

• Belgium Long Term Interest Rate: Month Avg: Belgium: ECB Harmonised was reported at 3.01 % pa in Feb 2025, compared with 3.10 % pa in the previous month.
• Belgium Long Term Interest Rate data is updated monthly, available from Jun 1989 to Feb 2025.
• The data reached an all-time high of 10.40 % pa in Feb 1990 and a record low of -0.39 % pa in Dec 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Belgium Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Belgium Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Key information about Portugal Long Term Interest Rate

• Portugal Long Term Interest Rate: Month Avg: Portugal: ECB Harmonised was reported at 2.95 % pa in Feb 2025, compared with 2.96 % pa in the previous month.
• Portugal Long Term Interest Rate data is updated monthly, available from Jul 1993 to Feb 2025.
• The data reached an all-time high of 13.85 % pa in Jan 2012 and a record low of 0.03 % pa in Jan 2021.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Portugal Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Portugal Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Key information about Greece Long Term Interest Rate

• Greece Government Bond Yield: Average: 10 Years was reported at 3.29 % pa in Feb 2025, compared with 3.35 % pa in the previous month.
• Greece Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 29.24 % pa in Feb 2012 and a record low of 0.59 % pa in Aug 2021.
• Long Term Interest Rate is reported by reported by European Central Bank.

• In the latest reports, Greece Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025.
• Greece Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.