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.

European Union central banks navigated a complex economic landscape between 2022 and 2026, with interest rates initially rising across member states. However, a critical shift occurred in late 2023 as most countries began lowering their rates, reflecting the delicate balance between controlling inflation and supporting economic growth. In Euro area, the European Central Bank (ECB) led this trend by cutting interest rates from 4.5 percent to 2.15 percent in January 2026, implementing four strategic rate reductions throughout the year. This approach was nearly universally adopted, with Poland being the sole EU country not reducing its rates during this period. The ECB continued the series of reductions in the first half of 2026, setting the rate at 2.15 percent in January 2026. Global context and policy shifts The interest rate changes in the EU mirror similar movements in other major economies. The United States, United Kingdom, and European Union central banks followed remarkably similar patterns from 2003 to 2024, responding to shared global economic conditions. After maintaining near-zero rates following the 2008 financial crisis and the COVID-19 pandemic, these institutions sharply raised rates in 2022 to combat surging inflation. By mid-2024, the European Central Bank and Bank of England initiated rate cuts, with the Federal Reserve following suit. Varied approaches within the EU Despite the overall trend, individual EU countries have adopted diverse strategies. Hungary, for instance, set the highest rate in the EU at 10 percent in September 2023, gradually reducing it to 6.5 percent by January 2026. In contrast, Sweden implemented the most aggressive cuts, lowering its rate to 1.75 percent by January 2026, the lowest among EU members. These divergent approaches highlight the unique economic challenges faced by each country and the flexibility required in monetary policy to address specific national circumstances.

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.

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 considerable 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.

Key information about European Union Long Term Interest Rate

• European Union Government Bond Yield: Monthly Average: Euro: 10 Years was reported at 3.13 % pa in Feb 2026, compared with 3.22 % pa in the previous month.
• EU Long Term Interest Rate data is updated monthly, available from Jan 1970 to Feb 2026.
• 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 2.15 % pa in Feb 2026.
• EU Exchange Rate against USD averaged 0.86 (USD/EUR) in Oct 2025.

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.

In February 2026, the central banks of the United States, United Kingdom, and euro area each implemented several interest rate cuts, reflecting a shared shift toward monetary easing as inflation pressures continued to moderate and economic growth slowed. This synchronized easing followed a prolonged period of elevated policy rates and underscored the close alignment of monetary policy across major advanced economies. Over the longer period from 2003 to February 2026, the Federal Reserve, Bank of England, and European Central Bank displayed notably similar interest rate trajectories shaped by common global economic conditions. In the early 2000s, policy rates were kept relatively low to support growth before being raised ahead of the 2008 financial crisis as economic activity accelerated. The crisis triggered sharp reductions in interest rates to near-zero levels, which were maintained for an extended period to foster recovery. Another phase of extraordinary easing occurred in 2020, when the COVID-19 pandemic prompted central banks to cut rates to historic lows to cushion the economic shock. This stance was reversed in 2022, as surging inflation led to an aggressive tightening cycle across all three institutions. As inflation began to stabilize in late 2023 and early 2024, the European Central Bank and Bank of England initiated the first steps toward policy easing, setting the stage for the broader and more synchronized rate cuts observed in February 2026. Divergent approaches within the European Union While the European Central Bank sets a benchmark policy rate for the euro area, individual European countries have pursued differing monetary policy paths to address their specific economic conditions. For example, Hungary recorded the highest policy rate in the European Union, reaching ** percent in September 2023, before gradually reducing it to *** percent by December 2025. By contrast, Sweden adopted a more aggressive easing approach, cutting its policy rate to **** percent by the end of 2025 - the lowest level among EU member states. These divergences underscore the complexity of the European monetary landscape, as national central banks balance inflation control with the need to support economic growth. Global context and future outlook The interest rate changes in major economies have had far-reaching effects on global financial markets. Government bond yields, for example, reflect these policy shifts and investor sentiment. As of July 2025, Turkey had the highest 10-year government bond yield among developed economies at **** percent, while Switzerland had the lowest at **** percent. These rates serve as important benchmarks for borrowing costs and economic expectations worldwide.

Key Interest Rate: Month End: Deposit Facility data was reported at 2.000 % pa in Feb 2026. This stayed constant from the previous number of 2.000 % pa for Jan 2026. Key Interest Rate: Month End: Deposit Facility data is updated monthly, averaging 0.000 % pa from Jan 1999 (Median) to Feb 2026, with 326 observations. The data reached an all-time high of 4.000 % pa in May 2024 and a record low of -0.500 % pa in Jun 2022. Key Interest Rate: Month End: Deposit Facility data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Italy – Table IT.M: Key Interest Rates: European Central Bank.

Graph and download economic data for Interest Rates, Discount Rate for Euro Area (INTDSREZA193N) from 1999 to 2016 about Euro Area, Europe, interest rate, interest, and 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.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Euro Area (19 Countries) (IR3TIB01EZM156N) from Jan 1994 to Jan 2026 about interbank, Euro Area, 3-month, Europe, yield, interest rate, interest, and rate.

The average for 2024 based on 15 countries was 2.74 percent. The highest value was in Ukraine: 6.51 percent and the lowest value was in Bulgaria: -1.79 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

ECB Interest Rate: Deposit Facility data was reported at 2.000 % pa in Feb 2026. This stayed constant from the previous number of 2.000 % pa for Jan 2026. ECB Interest Rate: Deposit Facility data is updated monthly, averaging 0.000 % pa from Jan 1999 (Median) to Feb 2026, with 326 observations. The data reached an all-time high of 4.000 % pa in May 2024 and a record low of -0.500 % pa in Jun 2022. ECB Interest Rate: Deposit Facility data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Estonia – Table EE.M: Key Interest Rates: European Central Bank.

Graph and download economic data for Interest Rates, Discount Rate for Euro Area (INTDSREZQ193N) from Q1 1999 to Q1 2017 about Euro Area, Europe, interest rate, interest, and rate.

European Union Key Interest Rate: Month End: Marginal Lending Facility data was reported at 2.400 % pa in Jan 2026. This stayed constant from the previous number of 2.400 % pa for Dec 2025. European Union Key Interest Rate: Month End: Marginal Lending Facility data is updated monthly, averaging 1.500 % pa from Jan 1999 (Median) to Jan 2026, with 325 observations. The data reached an all-time high of 5.750 % pa in Apr 2001 and a record low of 0.250 % pa in Jun 2022. European Union Key Interest Rate: Month End: Marginal Lending Facility data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s France – Table FR.M: Key Interest Rates: European Central Bank.

The 3-months interest rate is a representative short-term interest rate series for the domestic money market. From January 1999, the euro area rate is the 3-month "EURo InterBank Offered Rate" (EURIBOR) EURIBOR is the benchmark rate of the large euro money market that has emerged since 1999. It is the rate at which euro InterBank term deposits are offered by one prime bank to another prime bank. The contributors to EURIBOR are the banks with the highest volume of business in the euro area money markets. The panel of banks consists of banks from EU countries participating in the euro from the outset, banks from EU countries not participating in the euro from the outset, and large international banks from non-EU countries but with important euro area operations. Monthly data are calculated as averages of daily values. Data are presented in raw form. Source: European Central Bank (ECB)

Key information about European Union Policy Rate

• European Union cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.15 % pa in Feb 2026, compared with 2.15 % pa in the previous Jan 2026.
• EU Policy Rate averaged 0.75 % pa and is updated monthly, available from Jan 1999 to Feb 2026.
• 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, EU Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• Its Long Term Interest Rate (Government Bond Yield: Monthly Average: Euro: 10 Years) was reported at 3.13 % pa in Feb 2026.
• EU Exchange Rate against USD averaged 0.86 (USD/EUR) in Oct 2025.
• Its Real Effective Exchange Rate was 94.59 in Feb 2026.

As of June 2025, Ireland was the Eurozone country with the highest interest rate for short-term loans, amounting to 4.86 percent. Meanwhile, the Baltic countries had the highest interest rates for loans with long-term maturities, with Latvia having a rate for those loans of 7.4 percent. Meanwhile, the composite cost for short-term loans in the Netherlands amounted to 2.97 percent, which was the lowest rate in the Eurozone, while the interest rate of long-term loans in Malta was 1.39 percent.

The present data collection consists of the following indicators:

Interest rates - monthly data