The ECB cut its key deposit rate by 25bps to 3% in its final meeting of 2024, marking a fourth reduction this year, in line with market expectations. Policymakers added they will continue to follow a data-dependent and meeting-by-meeting approach to determine future decisions are not pre-committing to a particular rate path. source: European Central Bank
Deposit Interest Rate In the Euro Area decreased to 3 percent in December from 3.25 percent in October of 2024. Deposit Interest Rate in Euro Area averaged 1.27 percent from 1999 until 2024, reaching an all time high of 4.00 percent in September of 2023 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 2025.
Deposit Interest Rate In the Euro Area decreased to 3 percent in December from 3.25 percent in October of 2024. Deposit Interest Rate in Euro Area is expected to be 2.50 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 1.75 percent in 2026, according to our econometric models.