ECB Interest Rate History

In the Eurozone there are several interest rates which are set by the ECB.
The rate that most people in Ireland on tracker mortgages are interested in is called the main refinancing rate .

This rate was  reduced to an all-time low of  0.0% in March 2016


The ECB increased this refinancing rate to 0.5% from 27th July 2022.

And on Sept 8th – a further increase of 0.75% was announced – this will take effect from Sep 22nd. The new rate will be 1.25%
.

The refinancing rate is the rate at which the ECB lends money to commercial financial institutions like banks. It is this rate that determines the rate charged on “tracker mortgages” which first appeared in Ireland around 2001 – but have not been available in Ireland since 2008.

Here is The ECB Interest Rate History since 2003

DateInterest Rate %
2003 7 Mar2.50
2003 6 Jun 2.00
2005 6 Dec.2.25
2006 8 Mar. 2.50
2006 15 Jun. 2.75
2006 9 Aug. 3.00
2006 11 Oct. 3.25
2006 13 Dec. 3.50
2007 14 Mar. 3.75
2007 13 Jun. 4.00
2008 9 Jul. 4.25
2008 15 Oct. 3.75
2008 12 Nov. 3.25
2008 10 Dec. 2.50
2009 21 Jan. 2.00
2009 11 Mar. 1.50
2009 8 Apr 1.25
2009 13 May. 1.00
2011 15 Apr 1.25
2011 15 July 1.50
2011 9 Nov 1.25
2011 9 Dec 1.00
2012 9 July0.75
2013 8 May0.50
2013 Nov0.25
2014 Jun0.15
2014 Sept 0.05
2016 March 0.00
2022 July 0.5
2022 Sept 1.25
ECB Interest Rate History

You can see the latest Mortgage Interest Rates in Ireland here.

See Euro Sterling Historical rates

Historical Mortgage Rates in Ireland

Historic Savings Rates Ireland