Europe Interest Rate

Insights

The Euro Area interest rate held at 2.15% in July 2025, unchanged from June 2025. This stability reflects the European Central Bank's view that inflation is stabilizing near its 2% target.
The United Kingdom interest rate remained at 4% in September 2025, unchanged from August 2025.
The Russian Central Bank lowered its key interest rate to 16.5% in October 2025 from 17% in September 2025.

Data is available for the period 1975 to 2025 across 20 countries in Europe.

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Country	Current Value	Previous Value	Next Release	Last Updated
Euro Area	2.15%	2.15%	Oct 30, 2025	Sep 11, 2025
United Kingdom	4%	4%	Nov 06, 2025	Sep 18, 2025
Russia	16.5%	17%	Dec 19, 2025	Oct 24, 2025
Turkey	39.5%	40.5%	Dec 11, 2025	Oct 23, 2025
Switzerland	0%	0%	Dec 11, 2025	Sep 25, 2025
Poland	4.5%	4.75%	Nov 05, 2025	Oct'25
Sweden	1.75%	2%	Nov 05, 2025	Sep 23, 2025
Norway	4%	4.25%	Nov 06, 2025	Sep 18, 2025
Denmark	1.6%	1.6%	Oct 30, 2025	Jul 31, 2025
Romania	6.5%	6.5%	Nov 12, 2025	Oct 08, 2025
Czech Republic	3.5%	3.5%	Nov 06, 2025	Sep 24, 2025
Hungary	6.5%	6.5%	Nov 18, 2025	Oct 21, 2025
Ukraine	15.5%	15.5%	Dec 11, 2025	Oct 23, 2025
Bulgaria	1.81%	1.82%	Nov 03, 2025	Oct 01, 2025
Serbia	5.75%	5.75%	Nov 13, 2025	Oct 09, 2025
Belarus	9.75%	9.75%		Aug 31, 2025
Iceland	7.5%	7.5%	Nov 19, 2025	Oct 08, 2025
Bosnia & Herzegovina	4.66%	4.26%		Mar'25
Albania	2.5%	2.5%	Nov 05, 2025	Oct 01, 2025
North Macedonia	5.35%	5.35%	Nov 05, 2025	Sep 17, 2025

Europe Interest Rate : Definition

The Interest Rate set by central banks is the benchmark rate at which commercial banks can borrow money from the central bank. It is the primary tool of monetary policy, influencing borrowing costs, consumer spending, business investment, inflation, and overall economic growth.