Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Germany: ECB Harmonised ) was reported at 2.36 % pa in Apr 2023. Germany Long Term Interest Rate: Month Avg: Germany: ECB Harmonised was reported at 2.36 % pa in Apr 2023, compared with 2.38 % pa in the previous month. The curtailment of gas supplies in particular left Berlin scrambling to find new sources of energy and fill reserves ahead of what was anticipated to be a harsh winter at the end of 2022. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Meanwhile, energy prices accelerated (6.8% vs 3.5% in March), mainly due to household energy, namely natural gas prices (+33.8%); firewood, wood pellets (+29.8%); electricity (+15.4%); and district heating (+12.3%). There is no data available for your selected dates. Similarly, the price of food advanced by 14.9%, which is lower than the 17.2% increase seen in the previous month. The Trading Economics Application Programming Interface (API) provides direct access to our data. "We continue to expect a significant improvement over the course of the year," an economy ministry spokesman told AFP. Bank of Germany Interest Rate 2023 | Take-profit.org Interest Rate in Germany averaged 1.72 percent from 1998 until 2023, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0.00 percent in March of 2016. 31.2 bln. Germany: Consumer confidence expected to rise in June, Germany: Revised GDP figures show economy entered technical recession in Q1, Germany: Business confidence falls in May, Germany: Composite PMI rises to over one-year high in May, Germany: Harmonized inflation drops to lowest level since March 2022 in April, Germany: Industrial output grows at weakest rate in a year in March, Germany: Merchandise exports increase at a softer rate in March, Germany: Business confidence rises to 14-month high in April. Basic rate of interest pursuant to section 247 of the German Civil Code These rates are the official rates used by the Fund to conduct operations with member countries. Find the best German mortgage interest rates in Germany. Last Five days Official interest rates - European Central Bank Risk premium on lending (lending rate minus treasury bill rate, %), Interest rate spread (lending rate minus deposit rate, %), Bank nonperforming loans to total gross loans (%), Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+), Domestic credit provided by financial sector (% of GDP), Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Interest Rates, Discount Rate for Germany (INTDSRDEM193N) Rhineland-Palatinate and Saarland, Research Council, Research Professors and Research Fellows, Overview We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Long Term Interest Rate is reported by reported by CEIC Data. This is higher than the long term average of 2.17%. Entry level access to the CEIC platform for individual users. If you decline, your information wont be tracked when you visit this website. The annual inflation rate in Germany was confirmed at 7.2% in April 2023, the lowest in seven months, compared to 7.4% in March. ECB interest ratesHistorical interest rates, Exhibition: Money in caricature and satire, Overview Use this code to embed the country dashboard into your website. Germany Interest Rate - Forecast - TRADING ECONOMICS SDRs per To find out more about the cookies we use, see our Cookies Policy. The Deutsche Bundesbank hosts the Bundesbank symposium annually, with the aim of promoting the exchange of information on current topics relating to banking supervision within the banking industry. This site uses cookies to optimize functionality and give you the best possible experience. Payable monthly by credit card. The table above shows selected current accounts offered to retail customers by the banks in Germany. Here you will find information on the bank sort code file and on the bank sort code update service. Inflation this year is to remain above the 10-year average of 2.1% but cool compared to last year as the base effect toughens and domestic demand stagnates. This was part of an overall trend of falling . Instant access to full history data in excel. Germany Long Term Interest Rate: Month Avg: Germany: ECB Harmonised was reported at 2.36 % pa in Apr 2023, compared with 2.38 % pa in the previous month. "A drop in purchasing power, thinned-out industrial order books as well as the impact of the most aggressive monetary policy tightening in decades" were likely to drag on the economy further, he said, referring to the European Central Bank's interest rate hikes against inflation. Germany Interest Rate 2023 Data - 1998-2022 Historical - TRADING ECONOMICS Please follow this link to find all press releases to the subject "Change in the basic rate of interest". Market participants anticipate the European Central Bank to raise rates to a peak of approximately 3.75% later this . More. Current Month, Representative Pursuant to section 247 (2) of the German Civil Code (Brgerliches Gesetzbuch), the Deutsche Bundesbank is required to announce the current basic rate of interest in the Federal Law Gazette (Bundesanzeiger). The SDR Interest Rate is posted every Monday. Germany: Deposit interest rate - TheGlobalEconomy.com Exchange Rate Query Tool FocusEconomics reports cover more than 130 economies and over 30 key commodities. Germany Long Term Interest Rate - YCharts holidays On the other hand, energy inflation accelerated to 6.8 percent from 3.5 percent in the previous period. Germany's consumer price inflation declined to 6.1% year-on-year in May 2023, compared to 7.2% in the previous month and below market expectations of 6.5%, according to a preliminary estimate. To find out more about the cookies we use, see our Cookies Policy. Its Real Effective Exchange Rate was 94.89 in Apr 2023. Currency unit Interest Rate - Countries - List - TRADING ECONOMICS Download limits apply. International Central Bank Dialogue, Overview It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Mays result marked the strongest Harmonized inflation came in at 7.6% in April, which was down from Marchs 7.8%. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Trading Economics welcomes candidates from around the world. We use technology and experts to help you find the right mortgage, free of charge. Germany Exchange Rate against USD averaged 0.91 (USD/EUR) in Apr 2023. Key information about Germany Long Term Interest Rate. FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Germany Long Term Interest Rate data is updated monthly, available from Jan 1993 to Apr 2023. Germany cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 3.50 % pa in Apr 2023, compared with 3.50 % pa in the previous Mar 2023. Germany Long Term Interest Rate is at 2.36%, compared to 2.38% last month and 0.74% last year. German Chancellor Olaf Scholz had previously signalled confidence that Germany had done enough to fend off a painful economic contraction. Monday, June 12, 2023, IMF Members' Quotas and Voting Power, and Board of Governors, IMF Regional Office for Asia and the Pacific, IMF Capacity Development Office in Thailand (CDOT), IMF Regional Office in Central America, Panama, and the Dominican Republic, Financial Sector Assessment Program (FSAP), Public Sector Debt Statistics Online Centralized Database, Currency Composition of Official Foreign Exchange Reserves, see Current Month. Download the France 24 app, IMF forecasts inflation could remain high until 2025, affecting global growth, The last hike? per SDRs These cookies are used to collect information about how you interact with our website and allow us to remember you. Access essential information in the shortest possible time. All rights reserved, Unlimited access tailored to your data needs. Mortgage rates Affordability Calculator General government debt, % of GDP, 2021, Household debt: An anticipated slowdown in the US economy and the continuation of the war in Ukraine would also weigh on output, he said. 2021 CEIC Data, an ISI Emerging Markets Group Company. Following a 0.5-percent contraction in the last three months of 2022, it was Germany's second consecutive quarter of negative growth -- the threshold for a "technical recession". Between the first quarter of 2013 and the first quarter of 2022, the mortgage interest rate in Germany decreased, reaching a value of 1.5 percent. Inflation, which reached 7.2 percent in Germany. All rights reserved, Unlimited access tailored to your data needs. Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein, Overview Germany fell into a recession around the turn of the year, official figures published Thursday showed, as inflation and higher interest rates curbed demand in Europe's largest economy. The Germany Long Term Interest Rate is the yield received for investing in a German government issued bond with a maturity at or close to 10 years. AM to 6:00 PM U.S. EST Monday to Friday except for these Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (EUR bn), General Govt Debt: Foreign Creditors (EUR bn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), DE: Exports: fob: Local Currency (EUR mn), Imports: SITC: Vehicles, Motorcycles & Bicycles (EUR th), Exports: SITC: Machinery and Mechanical Appliances (EUR th), Exports: SITC: Electrical Machinery, TV Image and Sound Reproducing (EUR th), Imports: SITC: Electrical Machinery, TV Image and Sound Reproducing (EUR th), Exports: SITC: Plastics & Articles Thereof (EUR th), Exports: SITC: Vehicles, Motorcycles & Bicycles (EUR th), Imports: SITC: Mineral Fuels & Oils, Bituminous Substances (EUR th), Imports: SITC: Machinery and Mechanical Appliances (EUR th), Exports: United States of America (EUR th), Imports: United States of America (EUR th), Export Unit Value Index (EUVI): Total (2010=100), Import Unit Value Index (IUVI): Total (2010=100), IVI: Pharmaceutical & Similar Products (2010=100), EVI: Data Processing Equipment (2010=100), Exports: SITC: Pharmaceutical Products (EUR th), Imports: SITC: Pharmaceutical Products (EUR th), Exports Value: HS:Photosensitive Semiconductor Devices, Photovoltaic Cells asse (EUR th), Imports Value: HS:Photosensitive Semiconductor Devices, Light Emitting Diodes ( (EUR th), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: CA: Credit: Primary Income (PN) (EUR mn), Balance of Payments (BoP): Current Account (CA) (EUR mn), BoP: CA: Debit: Primary Income (PN) (EUR mn), BoP: swda: Current Account: Primary Income: Debit (EUR mn), BoP: swda: Current Account: Service (EUR mn), BoP: swda: Current Account: Primary Income: Credit (EUR mn), BoP: swda: Current Account: Goods (EUR mn), BoP: swda: Current Account: Service: Debit (EUR mn), BoP: swda: Current Account: Service: Credit (EUR mn), BoP: swda: Current Account: Primary Income (EUR mn), BoP: swda: Current Account: Secondary Income (EUR mn), BoP: FA: Portfolio Investment (PI) (EUR mn), BoP: Assets: FA: Other Investment (EUR mn), BoP: Liabs: FA: Direct Investment (DI) (EUR mn), BoP: Liabs: FA: Other Investment (EUR mn), BoP: Assets: FA: Direct Investment (DI) (EUR mn), Investment Outward: FI: ow Reserve Assets (EUR mn), BoP: FA: Portfolio Investment (PI): Assets (EUR mn), BoP: Financial Account (FA): Assets (EUR mn), International Investment Position (IIP): Assets: Total (EUR mn), International Investment Position (IIP): Liabilities: Total (EUR mn), International Investment Position (IIP): Net: Total (EUR mn), Investment Inward: Direct Investment (EUR mn), Investment Outward: Direct Investment (EUR mn), Insolvency (IN): No of Proceedings (NP) (Unit), DE: BOP: Net Errors and Omissions (USD mn), DE: BOP: Financial Account: Portfolio Investment: Net (USD mn), DE: BOP: Current Account: Personal Remittances: Paid (USD mn), DE: BOP: Current Account: Personal Remittances: Received (USD mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Intl Reserve: Official Reserve Assets (RA) (EUR mn), Intl Reserve: RA: Foreign Currency Reserves (FR) (EUR mn), Intl Reserve: OE: RA: Gold & Gold Claims: Value (EUR mn), Current Economic Situation Indicator: Germany: Balance (%), Economic Expectation Indicator: Germany (%), Germany Labor Force: Population: Average: swda: Activity Rate (%), Germany Employment: Domestic Concept (Person th), Germany GDP: GVA: Other Services (EUR bn), Germany GDP: DD: Gross Capital Formation (GCF) (EUR bn), Germany National Income: Memo: Savings (EUR bn), Germany GDP: GVA: Financial & Insurance Services (EUR bn), Germany GDP: DD: Final Consumption Expenditure (FCE) (EUR bn), Germany GDP: swda: GVA: Real Estate Activities (EUR bn), Germany GDP: swda: DD: Final Consumption Expenditure (FCE) (EUR bn), Germany GDP: swda: DD: FCE: Government (Govt) (EUR bn), Germany GDP: swda: DD: Gross Capital Formation (GCF) (EUR bn), Germany GDP: swda: GVA: Industry: ow Manufacturing (EUR bn), Germany GDP: swda: Gross Value Added (GVA) (EUR bn), Germany GDP: Domestic Demand (DD) (EUR bn), Germany GDP: GVA: Industry: ow Manufacturing (EUR bn), Germany GDP: GVA: Information & Communication (EUR bn), Germany GDP: swda: GVA: Industry (EUR bn), Germany GDP: swda: GVA: Public Services, Education, Health (EUR bn), Germany GDP: swda: DD: FCE: Households & NPISH (EUR bn), Germany GDP: GVA: Public Services, Education, Health (EUR bn), Germany GDP: swda: GVA: Construction (EUR bn), Germany GDP: swda: GVA: Information & Communication (EUR bn), Germany GDP: DD: FCE: Households & NPISH (EUR bn), Germany GDP: swda: DD: GCF: Fixed (EUR bn), Germany GDP: Gross Value Added (GVA) (EUR bn), Germany GDP: GVA: Trade, Transportation, Accommodation (EUR bn), Germany GDP: swda: GVA: Trade, Transportation, Accommodation (EUR bn), Germany GDP: DD: FCE: Government (Govt) (EUR bn), Germany GDP: swda: Domestic Demand (DD) (EUR bn), Germany GDP: GVA: Agriculture, Forestry & Fishing (EUR bn), Germany GDP: swda: GVA: Agriculture, Forestry & Fishing (EUR bn), Germany GDP: swda: GVA: Other Services (EUR bn), Germany GDP: GVA: Real Estate Activities (EUR bn), Germany GDP: DD: GCF: Changes in Inventories (EUR bn), Germany National Income: Disposable (EUR bn), Germany GDP: swda: GVA: Financial & Insurance Services (EUR bn), Germany International Investment Position (IIP): Assets: Total (EUR mn), Germany International Investment Position (IIP): Liabilities: Total (EUR mn), Germany GVA: swda: Taxes less Subsidies on Products (EUR bn), Germany GDP: Taxes less Subsidies on Products (EUR bn), Germany External Debt: GG: Short Term (EUR mn), Germany External Debt: GG: Long Term (EUR mn), Germany General Government Debt: as % of GDP (%), Germany Harmonized Index of Consumer Price (HICP) (2015=100), Germany Intl Reserve: Official Reserve Assets (RA) (EUR mn), Germany Intl Reserve: RA: Foreign Currency Reserves (FR) (EUR mn), Germany DE: TARGET 2 Balance: Outstanding (EUR mn), Germany DE: TARGET 2 Balance: Average (EUR mn), Germany NPI: Residential Buildings: Single Family Houses (1995=100), Germany NPI: Residential Buildings: Multi Family Houses (1995=100), Germany NPI: Residential Buildings: Other (1995=100), Germany NPI: Residential Buildings: Single Family House (2000=100), Germany NPI: Residential Buildings: Multi Family House (2000=100), Germany NPI: Residential Buildings: Other Residential Building (2000=100), Germany NPI: Non Residential Buildings: Office Building (2000=100), Germany NPI: Non Residential Buildings: Commercial Building (2000=100), Germany NPI: Non Residential Buildings: Office (1995=100), Germany NPI: Non Residential Buildings: Industrial (1995=100), Germany NPI: Non Residential Buildings: Other Construction: Roads (1995=100), Germany NPI: Non Residential Buildings: Other Construction: Sewers (1995=100), Germany NPI: Non Residential Buildings: Maintenance: Multi Family Hse (1995=100), Germany NPI: Non Residential Buildings: Maintenance: Dwellings (1995=100), Germany Construction Orders Volume Index (1995=100), Germany Construction Orders Volume Index: Building Construction: Dwellings (1995=100), Germany Construction Orders Volume Index: Building Construction: Ex Dwelling (1995=100), Germany Construction Orders Volume Index: Civil & Engineering: Roads (1995=100), Germany Construction Orders Volume Index: Civil & Engineering: Excl Roads (1995=100), Germany Construction Orders Volume Index: Building: Residential (2000=100), Germany Construction Orders Volume Index: Building: Excl Dwellings (2000=100), Germany Construction Orders Value Index: swda: Industrial Client (2000=100), Germany Construction Orders Value Index: swda: Public Client (2000=100), Germany Construction Orders Value Index: Working Day Adjusted (wda) (1995=100), Germany Construction Orders Value Index: wda: Residential (1995=100), Germany Construction Orders Value Index: wda: Industrial (1995=100), Germany Construction Orders Value Index: wda: Public (1995=100), Germany Construction Orders Value Index: wda: West (1995=100), Germany Construction Orders Value Index: wda: West: Residential (1995=100), Germany Construction Orders Value Index: wda: West: Industrial (1995=100), Germany Construction Orders Value Index: wda: West: Public (1995=100), Germany Construction Orders Value Index: wda: East (1995=100), Germany Construction Orders Value Index: wda: East: Residential (1995=100), Germany Construction Orders Value Index: wda: East: Industrial (1995=100), Germany Construction Orders Value Index: wda: East: Public (1995=100), Germany Central Government Debt: Central Savings Bonds (EUR mn), Germany Central, State & Local Government: Balance (EUR mn), Germany Central, State & Local Government: Receipts (EUR mn), Germany Central, State & Local Government: Receipts: Taxes (EUR mn), Effective Exchange Rate Index: Bank for International Settlements (BIS), Euro Interbank Offered Rate: European Money Markets Institute, Exchange Rates and Real Effective Exchange Rates, Key Interest Rates: European Central Bank, Lending, Saving and Deposit Rates: Annual, Listed Federal Securities: Zero Coupon Bond Yield, Treasury Bill and Government Securities Rates: Annual, Euro Overnight Index Average: European Money Markets Institute, Mortgage & Public Bonds: Zero Coupon Bond Yield, Nominal and Real Effective Exchange Rate Index: Annual.