The European Central Bank is seen holding rates at current levels and leave other monetary stimulus measures unchanged at its first policy meeting of 2020, with focus turning to President Christine Lagarde's announcement of the central bank's first strategic review in nearly two decades. The topics could include changes in inflation target, digital money and the fight against climate change. The ECB has failed to meet its inflation target for years, with some policymakers favouring the creation of a tolerance band around 2 percent.
Interest Rate in the Euro Area averaged 1.87 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 - Slovakia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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 2020, according to our econometric models.