Germany interest rateGermany interest rateGermany interest rate

Germany interest rate

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Key data points


Last release
Observation period
Sep 12, 2024
Next release
Forecast
Highest
4.75% on May 2, 2001
Lowest
0.00% on Jun 9, 2022

About Germany interest rate


Category
Money
Frequency
Daily
Units
%
Germany is a member of the European Union which has adopted the euro. Germany's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation.

Frequently Asked Questions


Germany interest rate is 3.65% at the moment.
Last month Germany interest rate was 3.65%, and the month before that it amounted to 4.25%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.