ECB policymakers agreed that it was better to tackle the substantial downward shift in the inflation outlook through a targeted and temporary programme (the PEPP), rather than a recalibration of the existing policy package, the accounts of its June 4-5 meeting showed. Officials also signaled readiness to unwind monetary stimulus once the pandemic shock to the inflation path subsides, saying the monetary stance could again be controlled by calibrating the Governing Council's pre-crisis suite of policy instruments.

Interest Rate in the Euro Area averaged 1.84 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 - Ireland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: European Central Bank

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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Ireland Interest Rate

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

Ireland Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate -0.31 -0.27 22.50 -0.43 percent [+]
Money Supply M1 214427.00 210741.00 214427.00 12164.10 EUR Million [+]
Money Supply M2 262019.00 257893.00 262019.00 67270.70 EUR Million [+]
Money Supply M3 296809.00 283549.00 296809.00 78265.40 EUR Million [+]
Foreign Exchange Reserves 5043.80 5253.70 8346.00 502.30 EUR Million [+]
Loans to Private Sector 39832.00 38235.00 169814.00 37900.00 EUR Million [+]
Private Debt to GDP 374.10 391.20 427.60 188.70 percent [+]
Central Bank Balance Sheet 120673.00 123808.00 208431.00 3704.30 EUR Million [+]

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