Key information about France Long Term Interest Rate

• France Long Term Interest Rate: Month Avg: France: ECB Harmonised was reported at 3.15 % pa in Feb 2025, compared with 3.32 % pa in the previous month.
• France Long Term Interest Rate data is updated monthly, available from Jan 1986 to Feb 2025.
• The data reached an all-time high of 10.70 % pa in Oct 1987 and a record low of -0.34 % pa in Dec 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

The European Central Bank provides monthly Harmonised Long Term Interest Rate. The data reflects primary market yields.


Related information about France Long Term Interest Rate

• In the latest reports, France 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.
• France Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for France (IRLTLT01FRM156N) from Jan 1960 to Feb 2025 about France, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

This statistic represents the change in the key interest rate of the European Central Bank in France from 2010 to 2021. According to the source, the key interest rate set for France was 0 percent in 2017.

Key information about France Policy Rate

• France cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.90 % pa in Feb 2025, compared with 3.15 % pa in the previous Jan 2025.
• France Policy Rate averaged 1.25 % pa and is updated monthly, available from Jan 1999 to Feb 2025.
• The data reached an all-time high of 4.75 % pa in Apr 2001 and a record low of 0.00 % pa in Jun 2022.

France joined the Euro Area on January 1st, 1999, thus adopting the European Central Bank (ECB) monetary policy mechanisms.


Related information about France Policy Rate

• In the latest reports, France Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: France: ECB Harmonised ) was reported at 3.01 % pa in Dec 2024.
• France Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.
• Its Real Effective Exchange Rate was 89.62 in Jan 2025.

Key information about France Bank Lending Rate

• France Bank Lending Rate was reported at 4.180 % pa in Dec 2024.
• This stayed constant from the previous number of 4.180 % pa for Nov 2024.
• France Bank Lending Rate data is updated monthly, averaging 2.855 % pa from Jan 2003 to Dec 2024, with 264 observations.
• The data reached an all-time high of 5.630 % pa in Sep 2008 and a record low of 0.748 % pa in May 2020.
• France Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

The Banque de France provides monthly Bank Lending Rate. Bank Lending Rate is defined as lending rate for Non Financial Corporations.

The statistic shows the inflation rate in France from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2023, the inflation rate in France was at about 5.66 percent compared to the previous year. The economy of France France is among the top six countries with the largest gross domestic product worldwide, behind the United Kingdom, Germany, Japan, China, and the United States. It is thus one of the leading economies worldwide. Its economy mostly relies on the services sector with almost 80 percent, agriculture making up only 1 percent of the economy and the industry sector the rest. These three sectors are typically seen as the main pillars of a country’s economy. France is also among the leading exporting countries worldwide and the leading importing countries worldwide. Both France’s exports and imports have increased over the last few years. Its trade balance (a country’s exports minus its imports) has been decreasing significantly over the last decade, which means the value of France’s exports was considerably lower than the value of its imports. France’s main exports include wine, meat, and other food products. Its main imports are manufactured goods, among other products. As for the national finances, the national debt of France has been rising steadily and it is thus counted among the countries with the highest public debt, albeit lower in the ranking. Nevertheless, the standard of living in France is quite high, its life expectancy is among the highest in the world, and the employment rate has been steady, or even rising slightly, since 2009.

Mortgage interest rates worldwide varied greatly in 2024, from less than four percent in many European countries, to as high as 44 percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increase in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2023, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

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

Mortgage interest rates in Europe soared in 2022 and remained elevated in 2023. In many countries, this resulted in interest rates more than doubling. In Denmark, the average mortgage interest rate rose from 0.67 percent in 2021 to 4.98 percent in 2023. Why did mortgage interest rates increase? Mortgage rates have risen as a result of the European Central Bank (ECB) interest rate increase. The ECB increased its interest rates to tackle inflation. As inflation calms, the ECB is expected to cut rates, which will allow mortgage lenders to reduce mortgage interest rates. What is the impact of interest rates on homebuying? Lower interest rates make taking out a housing loan more affordable, and thus, encourage homebuying. That can be seen in many countries across Europe: In France, the number of residential properties sold rose in the years leading up to 2021, and fell as interest rates increased. The number of houses sold in the UK followed a similar trend.

France 10Y Bond Yield was 3.46 percent on Thursday March 27, according to over-the-counter interbank yield quotes for this government bond maturity. France 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

Key information about France Real Effective Exchange Rate

• France Real Effective Exchange Rate (HCI: 2005=100: Month Avg: France) was 89.4 in Feb 2025, compared with the number of 89.6 in the previous month.
• France Real Effective Exchange Rate data is updated monthly and averaged 106.6 from Jan 1993 to Feb 2025.
• The data reached an all-time high of 106.6 in Apr 1995 and a record low of 86.8 in Sep 2022.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. European Central Bank provides Harmonized Competitiveness Indicator with base 1Q1999=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. France is part of the Euro Area since January 1999.


Related information about France Real Effective Exchange Rate

• In the latest reports, France Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.6 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.9 % pa in Feb 2025.
• France Exchange Rate against USD averaged 0.9 (USD/EUR) in Jun 2023.

France 5 Year Bond Yield was 2.75 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. France 5 Year BTAN Yield - values, historical data, forecasts and news - updated on March of 2025.

The statistic shows the national debt of France from 2019 to 2022, with projections up until 2029. In 2022, the national debt of France amounted to around 3.19 trillion U.S. dollars. For comparison, the Greek debt amounted to approximately 392.27 billion euros that same year. French national debt and developments in taxationFrance currently has one of the highest national debt levels of any of the world’s nations. Debt in the European Union’s second-largest economy is currently at around 97 percent of GDP. The cost of interest on the country’s debt alone comes in at over 1,600 euros per second; every man, woman, and child in France, of which there are 65.3 million in total, takes a share of just under 28 thousand euros of the debt.On 6th May 2012, the incumbent French President was defeated by François Hollande, leader of the French Socialist Party. The new President vowed to develop and change the tax system of France, announcing wide-ranging economic policies in a bid to balance the nation’s budget and right what he considered to be social wrongs. He pledged and supported the separation of lending and investment banks, as well as proposing sweeping changes to the French tax system. The introduction of the measure of capping tax loopholes at a maximum of ten thousand euros per year and questioning the solidarity tax on wealth, the annual direct wealth tax on those with assets above 1.3 million, were also part of Hollande’s proposals. The President has also signaled his intention to implement an income tax rate of 75 percent on revenue earned above one million euros per year. He stated the allocation of the revenue from this tax would be used to develop the deprived suburbs and to balance the nation's budget by 2017. France is a country brimming with big business and millionaires. The nation is home to the most millionaires in Europe; 2.6 million in total.

In January 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 21 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0.5 percent in January 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Den benchmark-renten i Frankrig blev sidst registreret til 4,50 procent. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Frankrig - Rentesats.

Since its introduction in October 2019, the Euro Short-Term Rate (€STR) has remained constant at between -0.51 and -0.59 percent until the second half 2022. Since then, it increased, peaking at 3.9 between the end of 2023 and the beginning of 2024. As of January 2025, the rate stood at 2.92 percent. The €STR is an interest rate benchmark designed to replace the Euro OverNight Index Average (EOIA), adopting a different calculation methodology that returns significantly lower rates. It is intended that the EOIA will be discontinued from January 3, 2022. How is the Euro Short-Term Rate calculated? The €STR uses transaction data included in daily reporting on monetary exchanges from the 52 largest eurozone banks to calculate the average interests rate attached to loans throughout a business day. Only unsecured loans are included, as the rate on secured loans would be affected by the type of underlying collateral. Several key respects distinguish the €STR from alternative benchmarks like the EOIA, and the London Intrabank Offered Rate (LIBOR). First, the €STR is based on transaction data alone, whereas the LIBOR asking major banks directly what rate they would charge other banks for short terms loans. The second main difference is that, by considering money market transactions rather than only intrabank lending (like the EOIA and LIBOR), the €STR incorporates the role of other major actors like money market funds, insurance companies, and other financial corporations. Difference between €STR and EURIBOR The Euro Interbank Offered Rate (EURIBOR) is the other main reference interest rate governing eurozone lending. The EURIBOR differs from €STR though as it is based on a survey of the interest rates a panel of major banks would offer other major banks for interbank term deposits. There are therefore different reference rates published for different maturities, for example the EURIBOR one month rate, the EURIBOR six month rate, and the EURIBOR 12 month rate. In contrast, the €STR is intended to track the cost of overnight borrowing.

In 2024, public debt in France represented 112.3 percent of the country’s GDP. According to the source, public debt in France is supposed to remain stable in the upcoming years. There was a substantial increase between 2019 and 2020 due to the Covid-19 pandemic and the French government's economic response to it. Since 2005, public debt in France is increasing making the country one of the most in debt of the European Union.

A debt country

Public debt, also known as national debt, appears to be the difference between what a government is receiving and spending in a year. It is the accumulation of annual budget deficits, which happened when the government was spending more than receiving. Public debt in France is increasing since 2007, while the debt interest expenditure amounted to more than 45 billion euros in 2022.

France’s revenue and spending

Most of French public debt is generated by the State, in comparison with the social security system and the regional and local authorities. The budget balance of the country has been negative for years and does not appear to reach a positive one in the future. France spends most of its budget on tax repayments and abatement, as well as on education and defense. In 2021, France’s government spent more than 1.48 trillion euros, whereas its revenue amounted to 1.3 trillion euros. Non-tax revenue collected by the state came in majority from dividends, while it collected 70 billion euros by levying taxes on income and 140 billion euros through VAT in 2016.

CG：现金基础：利率掉期在12-01-2017达25.000百万欧元，相较于12-01-2016的145.000百万欧元有所下降。CG：现金基础：利率掉期数据按年更新，12-01-2002至12-01-2017期间平均值为222.000百万欧元，共16份观测结果。该数据的历史最高值出现于12-01-2006，达519.000百万欧元，而历史最低值则出现于12-01-2017，为25.000百万欧元。CEIC提供的CG：现金基础：利率掉期数据处于定期更新的状态，数据来源于Agence France Tresor，数据归类于全球数据库的法国 – Table FR.F034：可转让债务清偿及政府现金头寸：法国债务管理局。

France 3 Year Bond Yield was 2.56 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. France 3 Year OAT Yield - values, historical data, forecasts and news - updated on March of 2025.

The College of European Commissioners adopted the regional aid map for the period 2007-2013, transposed into national law by Decree No 2007-732 of 7 May 2007. Regional State aid is reserved for particular geographical areas (territories lagging behind) and has as its specific objective the economic development of these areas through support for investment and job creation. The French map delimits the areas in which the State and local authorities will be able to allocate aid for investment and job creation to large enterprises and, at increased rates, to SMEs. These grants, paid by the national authorities, must be distinguished from the Structural Funds financed by the Community budget. The rate of investment aid varies according to the fragility of the territories, in accordance with European rules: — 10 % to 15 % of the cost of productive investments for large companies in metropolitan France; — 50 % to 60 % for large enterprises in the overseas departments; — rate subsidies are provided for SMEs in each of these areas. The form of aid is variable: grant, reduced rate loan or interest subsidy... The AFR zones are eligible either on a transitional basis for the period 2007-2008 or on a permanent basis until 31/12/2013. Some municipalities are partially eligible, others are limited to aid to SMEs, in accordance with Community rules. For more information see the website of the Interministerial Delegation for Regional Planning and Attractiveness (DATAR).