The ECB cut its key marginal lending rate by 25bps to 3.4% in its final meeting of 2024, marking a fourth reduction this year. Lending Rate in Euro Area averaged 2.33 percent from 1999 until 2024, reaching an all time high of 5.75 percent in October of 2000 and a record low of 0.25 percent in March of 2016. source: European Central Bank
Lending Rate in Euro Area is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Marginal Lending Rate is projected to trend around 2.15 percent in 2026, according to our econometric models.