The benchmark interest rate in Estonia is set by the European Central Bank. The European Central Bank expanded its Pandemic Emergency Purchase Programme (PEPP) by another €500 billion and extended it to at least the end of March 2022 at its December monetary policy meeting, aiming to support the Eurozone's struggling economy amid the coronavirus crisis. Moreover, policymakers approved more long-term loans on cheap terms for another year until June 2022, and announced four additional pandemic emergency longer-term refinancing operations to be offered in 2021. The main refinancing rate was held at 0 percent while the deposit rate remained at a record low -0.5 percent. Looking ahead, the outlook for economic activity has been revised down in the short term, as well as inflation projections for 2020 and 2022. source: European Central Bank

Interest Rate in the Euro Area averaged 1.81 percent from 1998 until 2020, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. This page provides - Estonia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Interest Rate in Euro Area is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Euro Area to stand at 0.00 in 12 months time. In the long-term, the Euro Area Interest Rate is projected to trend around 0.00 percent in 2021, according to our econometric models.

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Estonia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 4.75 0.00 1998 - 2020 percent Daily

Estonia Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Money Supply M1 17315.00 16780.00 17315.00 785.90 EUR Million [+]
Money Supply M2 20161.00 19726.00 20161.00 954.60 EUR Million [+]
Banks Balance Sheet 32869.40 32742.30 32869.40 256.00 EUR Million [+]
Loans to Private Sector 7665.60 7548.80 7665.60 471.00 EUR Million [+]
Money Supply M3 20173.00 19738.00 20173.00 3386.20 EUR Million [+]
Private Debt to GDP 171.65 185.41 204.24 65.26 percent [+]
Central Bank Balance Sheet 9248432.00 9330402.90 9330402.90 750702.31 EUR Thousand [+]


Estonia Interest Rate
Estonia is a member of the European Union which has adopted the euro. Estonia's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation.