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.

View monthly updates and historical trends for Germany Long-Term Interest Rates. Source: Organisation for Economic Co-operation and Development. Track eco…

Between January 2018 and September 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. In the first half of 2025, inflation remained relatively stable, standing at 2.1 percent in May 2025. 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. Several further cuts were implemented in the first half of 2025, setting the rate at 2.15 percent in June 2025. As of September 2025, the inflation rate is 2.4 percent, with the ECB interest rate at 2.15 percent.

Bank Lending Rate in Germany increased to 3.95 percent in September from 3.92 percent in August of 2025. This dataset provides the latest reported value for - Germany Bank Lending Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The mortgage interest rate in Germany decreased notably between 2013 and 2022, falling below *** 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 *** percent in the first quarter of 2025. The German mortgage market In Europe, Germany is the second-largest mortgage market, with a total value of mortgages outstanding amounting to nearly *** 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 2024, house prices increased by nearly ** percent.

Monthly and long-term Germany Interest Rate data: historical series and analyst forecasts curated by FocusEconomics.

Business credit interest rate, percent in Germany, September, 2025 The most recent value is 3.62 percent as of September 2025, an increase compared to the previous value of 3.61 percent. Historically, the average for Germany from January 2003 to September 2025 is 3.51 percent. The minimum of 1.65 percent was recorded in January 2022, while the maximum of 5.81 percent was reached in September 2008. | TheGlobalEconomy.com

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 Sep 2025 about interbank, 3-month, Germany, yield, interest rate, interest, and rate.

Key information about Germany Policy Rate

• Germany cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.15 % pa in Nov 2025, compared with 2.15 % pa in the previous Oct 2025.
• Germany Policy Rate averaged 1.00 % pa and is updated monthly, available from Jan 1999 to Nov 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 2.62 % pa in Oct 2025.
• Germany Exchange Rate against USD averaged 0.86 (USD/EUR) in Oct 2025.
• Its Real Effective Exchange Rate was 96.92 in Oct 2025.

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 **** 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 March 2025 at **** percent, while floating rate mortgages up to one year were the most expensive at **** percent. Mortgages with over **-year fixed period – the most popular loan type among homebuyers — had an interest rate of **** percent. Why did mortgage rates in Germany increase? In 2022, the annual 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.

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

Bank deposit interest rate, percent in Germany, September, 2025 The most recent value is 1.77 percent as of September 2025, an increase compared to the previous value of 1.76 percent. Historically, the average for Germany from March 2003 to September 2025 is 1.4 percent. The minimum of -0.07 percent was recorded in December 2021, while the maximum of 4.51 percent was reached in August 2008. | TheGlobalEconomy.com

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.

View yearly updates and historical trends for Germany Lending Interest Rate. Source: World Bank. Track economic data with YCharts analytics.

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.

Key information about Germany Bank Lending Rate

• Germany Bank Lending Rate was reported at 3.950 % pa in Sep 2025.
• This records an increase from the previous number of 3.920 % pa for Aug 2025.
• Germany Bank Lending Rate data is updated monthly, averaging 3.060 % pa from Jan 2003 to Sep 2025, with 273 observations.
• The data reached an all-time high of 6.550 % pa in Dec 2007 and a record low of 1.760 % pa in Oct 2021.
• Germany 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.

View market daily updates and historical trends for Germany Maastricht Criterion Interest Rate (DISCONTINUED). Source: Eurostat. Track economic data with …

The annual average interest rate on new residential loans in Germany generally decreased between 2007 and 2023, with some fluctuation. It declined from **** percent in 2007 to **** percent in 2021. In 2023, it significantly rose to **** 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.

Long-term interest rate in Germany, September, 2025 The most recent value is 2.69 percent as of September 2025, an increase compared to the previous value of 2.67 percent. Historically, the average for Germany from January 1960 to September 2025 is 5.3 percent. The minimum of -0.65 percent was recorded in August 2019, while the maximum of 10.8 percent was reached in July 1974. | TheGlobalEconomy.com

In June 2024, the European Central Bank (ECB) began reducing its fixed interest rate for the first time since 2016, implementing a series of cuts. The rate decreased from 4.5 percent to 3.15 percent by year-end: a 0.25 percentage point cut in June, followed by additional reductions in September, October, and December. The central bank implemented other cuts in the first half of 2025, setting the rate at 2.15 percent in June 2025. This marked a significant shift from the previous rate hike cycle, which began in July 2022 when the ECB raised rates to 0.5 percent and subsequently increased them almost monthly, reaching 4.5 percent by December 2023 - the highest level since the 2007-2008 global financial crisis. How does this ensure liquidity? Banks typically hold only a fraction of their capital in cash, measured by metrics like the Tier 1 capital ratio. Since this ratio is low, banks prefer to allocate most of their capital to revenue-generating loans. When their cash reserves fall too low, banks borrow from the ECB to cover short-term liquidity needs. On the other hand, commercial banks can also deposit excess funds with the ECB at a lower interest rate. Reasons for fluctuations
The ECB’s primary mandate is to maintain price stability. The Euro area inflation rate is, in theory, the key indicator guiding the ECB's actions. When the fixed interest rate is lower, commercial banks are more likely to borrow from the ECB, increasing the money supply and, in turn, driving inflation higher. When inflation rises, the ECB increases the fixed interest rate, which slows borrowing and helps to reduce inflation.