The benchmark interest rate in Germany was last recorded at 4.50 percent. This dataset provides - Germany Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Germany Long Term Interest Rate

• Germany Long Term Interest Rate: Month Avg: Germany: ECB Harmonised was reported at 2.18 % pa in Dec 2024, compared with 2.31 % pa in the previous month.
• Germany Long Term Interest Rate data is updated monthly, available from Jan 1990 to Dec 2024.
• 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 3.15 % pa in Dec 2024.
• Germany Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Between January 2018 and January 2025, Germany's inflation rate experienced significant volatility. Initially fluctuating between 0.3 and 3.1 percent, the rate escalated dramatically, reaching a peak of 10.4 percent in October 2022. By September 2024, the inflation rate had moderated to 1.6 percent. However, inflation began rising again towards the end of 2024, standing at 2.6 percent in December. The European Central Bank (ECB) responded to these inflationary pressures with a series of interest rate adjustments. After maintaining historically low rates, the ECB initiated its first rate hike since March 2016 in July 2022, raising the rate to 0.5 percent. The interest rate continued to increase, stabilizing at 4.5 percent from September 2023 to June 2024. In a notable shift, June 2024 marked the first rate cut during this period. It was followed by a series of rate cuts until the end of the year, with the last cut in 2024 setting the rate at 3.15 percent.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Germany (IR3TIB01DEM156N) from Jan 1960 to Jan 2025 about interbank, Germany, 3-month, yield, interest rate, interest, and rate.

The mortgage interest rate in Germany decreased notably between 2013 and 2022, falling below 1.5 percent. This was part of an overall trend of falling mortgage interest rates in Europe. The mortgage interest rate in Germany has since increased to 3.9 percent in the second quarter of 2024. The German mortgage market In Europe, Germany is the second-largest mortgage market, with a total value of mortgages outstanding amounting to over 1.8 trillion euros. Mortgage loans are one of the oldest bank products. Among the factors that influence mortgage interest rates are inflation, economic growth, monetary policies, the bond market, the stability of lenders, and the overall conditions of the housing market. Mortgage loans The higher cost of borrowing has a significant effect on the market: While the interest rates were at their lowest, mortgage lending was on the rise. In 2023, when the rates reached a 10-year-high, the quarterly gross mortgage lending fell to the lowest value since 2014. Meanwhile, house prices have also increased substantially in recent years. According to the House Price Index in Germany, between 2015 and 2022, house prices increased by over 60 percent.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Germany (IRSTCI01DEM156N) from Jan 1960 to Feb 2025 about interbank, overnight, Germany, interest rate, interest, and rate.

Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 9 Years data was reported at 2.910 % pa in Feb 2025. This records a decrease from the previous number of 3.020 % pa for Jan 2025. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 9 Years data is updated monthly, averaging 3.230 % pa from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 6.010 % pa in Jan 2000 and a record low of -0.230 % pa in Aug 2019. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 9 Years data remains active status in CEIC and is reported by Deutsche Bundesbank. The data is categorized under Global Database’s Germany – Table DE.M016: Mortgage & Public Bonds: Rate.

After a period of record-low mortgage interest rates, the cost of mortgage borrowing in Germany surged in 2022. In 2019, mortgage rates declined notably, falling as low as 1.16 percent in December 2020. This downward trend reversed in 2021, as mortgage rates started to gradually pick up. Five-to-ten-year mortgage loans had the lowest rates in October 2023 at 3.85 percent, while floating rate mortgages up to one year were the most expensive at 5.53 percent. Mortgages with over 10-year fixed period – the most popular loan type among homebuyers - had an interest rate of 3.9 percent.

Why did mortgage rates in Germany increase?

In 2022, the yearly inflation rate in Germany experienced a swift rise, prompting the central bank to raise interest rates to counter this surge. The European Central Bank (ECB) is responsible for determining Germany's central bank interest rate. In July 2022, following a prolonged period of stability, the average interest rates in Germany began a steady rise, which persisted consistently thereafter.  This increase is intended to stabilize prices, but it also means higher borrowing costs for those seeking mortgages.

Downturn in Germany's home loan borrowing

From 2022 onward, the gross residential mortgage lending in Germany fell dramatically. Besides the higher interest rates, the downturn can be explained by the slowed pace of economic growth, which makes individuals and businesses more cautious about big investments such as buying a home. Additionally, the German housing market suffers a chronic undersupply, meaning that homebuyers often struggle to find an affordable home to purchase.

Key information about Germany Short Term Interest Rate

• Germany Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021, compared with -0.55 % pa in the previous month.
• Germany Short Term Interest Rate data is updated monthly, available from Dec 1998 to Nov 2021.
• The data reached an all-time high of 5.28 % pa in Sep 2008 and a record low of -0.57 % pa in Nov 2021.
• Short Term Interest Rate is reported by reported by European Money Markets Institute.

• In the latest reports, Germany Long Term Interest Rate: Month Avg: Germany: ECB Harmonised was reported at 2.66 % pa in Sep 2023.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 4.50 % pa in Sep 2023.
• Germany Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

Key information about Germany Policy Rate

• Germany 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.
• Germany 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.

• In the latest reports, Germany 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: Germany: ECB Harmonised ) was reported at 2.18 % pa in Dec 2024.
• Germany Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.
• Its Real Effective Exchange Rate was 93.96 in Jan 2025.

The annual average interest rate on new residential loans in Germany generally decreased between 2007 and 2023, with some fluctuation. It declined from 5.09 percent in 2007 to 1.26 percent in 2021. In 2023, it significantly rose to four percent, the highest rate recorded since 2010. Nevertheless, this rate varied for different loan types, with floating mortgage rates being the most expensive as of October 2023.

Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 8 Years data was reported at 2.970 % pa in Jan 2025. This records an increase from the previous number of 2.940 % pa for Dec 2024. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 8 Years data is updated monthly, averaging 3.150 % pa from Jan 2000 (Median) to Jan 2025, with 301 observations. The data reached an all-time high of 5.920 % pa in Aug 2000 and a record low of -0.280 % pa in Aug 2019. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 8 Years data remains active status in CEIC and is reported by Deutsche Bundesbank. The data is categorized under Global Database’s Germany – Table DE.M016: Mortgage & Public Bonds: Rate.

Allemagne: Real interest rate: Bank lending rate minus inflation: Pour cet indicateur, The International Monetary Fund fournit des données pour la Allemagne de à . La valeur moyenne pour Allemagne pendant cette période était de pour cent avec un minimum de pour cent en et un maximum de pour cent en .

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Germany (IRLTLT01DEM156N) from May 1956 to Feb 2025 about long-term, Germany, 10-year, bonds, yield, government, interest rate, interest, and rate.

Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 2 Years data was reported at 2.620 % pa in Jan 2025. This records an increase from the previous number of 2.580 % pa for Dec 2024. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 2 Years data is updated monthly, averaging 2.180 % pa from Jan 2000 (Median) to Jan 2025, with 301 observations. The data reached an all-time high of 5.560 % pa in Jul 2000 and a record low of -0.450 % pa in Aug 2019. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 2 Years data remains active status in CEIC and is reported by Deutsche Bundesbank. The data is categorized under Global Database’s Germany – Table DE.M016: Mortgage & Public Bonds: Rate.

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.

The average yearly yield of German10-year government bonds has shown a significant downward trend from 1990 to 2023. Starting at nearly nine percent in 1990, yields steadily declined, with slight fluctuations, reaching a low of -0.51 percent in 2020. After 2020, yields began to rise again, reflecting recent increases in interest rates and inflation expectations. This long-term decline indicates decreasing inflation and interest rates in Australia over the past decades, with recent economic conditions prompting a reversal in bond yields.

Germany Interest Rates: Bond: Listed Fed Sec: Residual Maturity: 9 Years data was reported at 2.360 % pa in Feb 2025. This records a decrease from the previous number of 2.460 % pa for Jan 2025. Germany Interest Rates: Bond: Listed Fed Sec: Residual Maturity: 9 Years data is updated monthly, averaging 5.280 % pa from Sep 1972 (Median) to Feb 2025, with 630 observations. The data reached an all-time high of 11.160 % pa in Jul 1974 and a record low of -0.760 % pa in Aug 2019. Germany Interest Rates: Bond: Listed Fed Sec: Residual Maturity: 9 Years data remains active status in CEIC and is reported by Deutsche Bundesbank. The data is categorized under Global Database’s Germany – Table DE.M014: Listed Federal Securities: Bond Rate.

The average daily turnover of over-the-counter (OTC) derivatives traded on in Germany fluctuated between 2001 and 2022, ranging from a peak of over 212 billion U.S. dollars in 2022 down from a low of 31.3 billion in 2016. The most common instrument traded also varied, with interest rate swaps growing dramatically in 2022.

Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 15 Years data was reported at 3.130 % pa in Feb 2025. This records a decrease from the previous number of 3.210 % pa for Jan 2025. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 15 Years data is updated monthly, averaging 3.600 % pa from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 6.370 % pa in Jan 2000 and a record low of 0.070 % pa in Aug 2019. Germany Interest Rates: Mortgage & Public Bond: Residual Mat: 15 Years data remains active status in CEIC and is reported by Deutsche Bundesbank. The data is categorized under Global Database’s Germany – Table DE.M016: Mortgage & Public Bonds: Rate.