ECB Refinancing Rate in Germany
The ECB Refinancing Rate ended 2022 at 2.50%, up from the 0.00% end-2021 value and significantly higher than the reading of 0.25% a decade earlier. For reference, the average policy rate in Major Economies was 3.50% at the end of 2022. For more interest rate information, visit our dedicated page.
Germany Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Germany from 2018 to 2017.
Source: Macrobond.
Germany Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| ECB Refinancing Rate (%, eop) | 0.00 | 0.00 | 0.00 | 2.50 | 4.50 |
| ECB Overnight Deposit Rate (%, eop) | -0.50 | -0.50 | -0.50 | 2.00 | 4.00 |
| 3-Month EURIBOR (%, eop) | -0.38 | -0.55 | -0.57 | 2.13 | 3.91 |
| 10-Year Bond Yield (%, eop) | -0.23 | -0.62 | -0.18 | 2.56 | 2.02 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects German interest rate projections for the next ten years from a panel of 25 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for German interest rate.
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