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 2.64 per cent in September 2026, compared to 2.51 in August.
Sample. There are 393 records overall in the monthly series presented in the graph above. The time period covered by the series goes from January 1994 to September 2026.
History. Have a look at a few statistics calculated on the whole sample: the interest rate was equal on average to 2.25 per cent; it hit a trough of -0.58 per cent in December 2021; it achieved a maximum of 7.58 per cent in March 1995.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 2.42539 |
| 2026-08-31 | 2.51314 |
| 2026-09-30 | 2.63505 |
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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.