The European Central Bank raised its deposit facility rate by 50 bps to 2.0 percent during its December meeting, bringing borrowing costs to the highest level since early 2009. Policymakers delivered a fourth straight rate hike as expected, and said they expect to raise them significantly further, because inflation remains far too high and is projected to stay above the target for too long. source: European Central Bank
Deposit Interest Rate in Euro Area averaged 1.26 percent from 1999 until 2022, reaching an all time high of 3.75 percent in October of 2000 and a record low of -0.50 percent in September of 2019. This page provides - Euro Area Deposit Interest Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Deposit Facilty Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Deposit Interest Rate in Euro Area is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Deposit Facilty Rate is projected to trend around 2.25 percent in 2024 and 1.00 percent in 2025, according to our econometric models.