euroref › Policy interest rate

Policy interest rate across 34 European countries

Policy interest rates across 34 European countries run from 0% (Switzerland) to 37% (Türkiye). United Kingdom is 3.75%, Germany is 2.5%, France is 2.25%.

Every figure names the official instrument it came from, the date it takes effect and the date we last checked it against that source. Where no single figure applies, we say so rather than publish one.

CountryPolicy interest rateIn force fromLast verifiedSource
Austria2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Belgium2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Bulgaria2.25 percent2026-06-172026-09-08 staleEuropean Central Bank, Monetary policy decisions of the Governing…
Croatia2.5 percent2026-09-162026-09-15Official ECB Governing Council press release dated 10 September 2026……
Cyprus2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Czech Republic3.75 percent2026-06-192026-09-10CNB — Bank Board monetary policy decision of 18 June 2026: the CNB…
Denmark1.85 percent2026-06-122026-09-14Danmarks Nationalbank, press release 'Renteforhøjelse' of 11 June…
Estonia2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Finland2.25 percent2026-06-172026-09-08 staleEuropean Central Bank, Monetary policy decisions of the Governing…
France2.25 percent2026-06-172026-09-08European Central Bank, Monetary policy decisions, press release of 11…
Germany2.5 percent2026-09-162026-09-15Landed ECB deposit facility (operational policy rate) — Accordingly…
Greece2.5 percent2026-09-162026-09-15Official ECB Governing Council press release, 10 September 2026… —…
Hungary5.5 percent2026-08-262026-09-27MNB — Press release on the Monetary Council meeting of 25 August…
Iceland8 percent2026-08-192026-08-21Seðlabanki Íslands — Statement of the Monetary Policy Committee, 19…
Ireland2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table) —…
Italy2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates — decision of the…
Latvia2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Lithuania2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Luxembourg2.5 percent2026-09-162026-09-15Official ECB Governing Council press release dated 10 September 2026……
Malta2.5 percent2026-09-162026-09-15Official ECB Governing Council press release dated 10 September 2026……
Netherlands2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Norway4.25 percent2026-05-082026-09-14Norges Bank — Rate decision May 2026 (meeting 6 May 2026): policy…
Poland3.75 percent2026-03-052026-09-17Uchwala nr 1/2026 Rady Polityki Pienieznej z dnia 4 marca 2026 r. w…
Portugal2.5 percent2026-09-162026-09-15Official ECB Governing Council press release, 10 September 2026… —…
Romania6.5 percent2024-08-082026-09-30BNR — Hotărâri ale CA al BNR pe probleme de politică monetară…
Serbia5.75 percent2024-09-122026-09-15NBS — Executive Board meeting of 12 September 2024: key policy rate…
Slovakia2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Slovenia2.25 percent2026-06-172026-09-08European Central Bank, Key ECB interest rates (official rate table)…
Spain2.25 percent2026-06-172026-09-08ECB Governing Council monetary policy decisions of 11 June 2026…
Sweden1.75 percent2025-10-012026-10-07Sveriges Riksbank, official SWEA statistics API, series SECBREPOEFF…
Switzerland0 percent2025-06-202026-09-09SNB — Monetary policy assessment of 19 June 2025: 'The Swiss National…
Türkiye37 percent2026-09-102026-09-15CBRT ANO2026-38, 10 September 2026 — The Monetary Policy Committee…
Ukraine16 percent2026-09-182026-09-29NBU ? "NBU Raises Key Policy Rate to 16%" (Decision No. 313, dated 17…
United Kingdom3.75 percent2026-07-292026-09-12VALUE UNCHANGED from June land (still 3.75%). Citation only: replace…

Each figure is the current statutory rate we hold, cited to the official instrument on its country page.