French architecture in France

France Interest Rate

France Interest Rate

ECB Refinancing Rate in France

The European Central Bank (ECB) maintained historically low policy rates from 2013 to 2021, reflecting prolonged economic sluggishness and low inflation in the Euro area. The ECB even adopted negative rates to stimulate economic growth and counter deflationary pressures. By 2022, the focus started shifting towards normalizing policy in response to recovery signs and rising inflation

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.

France Interest Rate Chart

Note: This chart displays Policy Interest Rate (%) for France from 2017 to 2016.
Source: ECB.

France Interest Rate Data

2018 2019 2020 2021 2022
ECB Refinancing Rate (%, eop) 0.00 0.00 0.00 0.00 2.50
ECB Overnight Deposit Rate (%, eop) -0.40 -0.50 -0.50 -0.50 2.00
3-Month EURIBOR (%, eop) -0.31 -0.38 -0.55 -0.57 2.13
10-Year Bond Yield (%, eop) 0.71 0.11 -0.36 0.20 3.10
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects French interest rate projections for the next ten years from a panel of 23 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 French interest rate.

Download one of our sample reports to visualize what a Consensus Forecast is and see our French interest rate projections.

Want to get access to the full dataset of French interest rate forecasts? Send an email to info@focus-economics.com.

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