Short-term interest rate (per cent) - Euro area - OECD - Monthly
This series is part of the dataset: OECD interest rates
Download Full Dataset (.xlsx)Latest updates. In the Euro area, the short-term interest rate was 2.34 per cent in June 2026, compared to 2.23 in the previous month.
Sample. There are 390 observations overall in the monthly time series shown in the chart above. The series covers the period going from January 1994 to June 2026.
History. Here's a peek at some statistics we computed on the whole sample: the interest rate had an average value of 2.25 per cent; it peaked at 7.58 in March 1995; it registered a minimum of -0.58 in December 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 2.1753 |
| 2026-05-31 | 2.2261 |
| 2026-06-30 | 2.339 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Short-term interest rate |
| Country | Euro area |
| Economic concept | Interest rate |
| Data type | Annual interest rate |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Level |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | OECD |
| Source type | International organization |
| Data licence | Redistributable with citation |
| Other information | Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market. |
| FSR temporal aggregation code | LM1 |
Series in the same data set
Discover the other time series included in this data set.