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.

Between January 2018 and January 2026, Germany's inflation rate experienced considerable 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 January 2026, the inflation rate is 2.1 percent, with the ECB interest rate at 2.15 percent.

View monthly updates and historical trends for Germany Long Term Interest Rate. Source: European Central Bank. Track economic data with YCharts analytics.

Key information about Germany Long Term Interest Rate

• Germany Long Term Interest Rate: Month Avg: Germany: ECB Harmonised was reported at 2.81 % pa in Dec 2025, compared with 2.66 % pa in the previous month.
• Germany Long Term Interest Rate data is updated monthly, available from Jan 1990 to Dec 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 2.15 % pa in Dec 2025.
• Germany Exchange Rate against USD averaged 0.86 (USD/EUR) in Oct 2025.

Graph and download economic data for Interest Rates, Discount Rate for Germany (INTDSRDEM193N) from Jan 1950 to Dec 1998 about Germany, interest rate, interest, and rate.

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.

Bank Lending Rate in Germany decreased to 3.93 percent in January from 3.97 percent in December 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.

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. Onve-to-five and five-to-ten-year mortgage loans had the lowest rates in November 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 before reaching a plateau between September 2023 and May 2024. This increase was intended to stabilize prices, but it also meant higher borrowing costs for those seeking mortgages. In June 2024, the ECB began cutting interest rates in response to Germany's inflation rate slowing down.

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. Mortgage lending started to gradually increase again in the latter half of 2023.

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

Business credit interest rate, percent in Germany, December, 2025 The most recent value is 3.66 percent as of December 2025, an increase compared to the previous value of 3.64 percent. Historically, the average for Germany from January 2003 to December 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

Bank deposit interest rate, percent in Germany, December, 2025 The most recent value is 1.79 percent as of December 2025, an increase compared to the previous value of 1.78 percent. Historically, the average for Germany from March 2003 to December 2025 is 1.41 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

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 2026 about interbank, overnight, Germany, interest rate, interest, and rate.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Germany (IR3TIB01DEQ156N) from Q1 1960 to Q4 2025 about interbank, 3-month, Germany, yield, interest rate, interest, and rate.

Key information about Germany Bank Lending Rate

• Germany Bank Lending Rate was reported at 3.930 % pa in Jan 2026.
• This records a decrease from the previous number of 3.970 % pa for Dec 2025.
• Germany Bank Lending Rate data is updated monthly, averaging 2.780 % pa from Jan 2003 to Jan 2026, with 277 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.

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.

Between January 2018 and December 2025, Germany's inflation rate experienced considerable 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 December 2025, the inflation rate is 1.8 percent, with the ECB interest rate at 2.15 percent.

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

Germany: Real interest rate: Bank lending rate minus inflation: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Germany from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

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.