ECB Interest Rates: Current & Historical Rates for the Euro-Area

The European Central Bank (ECB) is responsible for determining Euro-area monetary policy, like setting benchmark interest rates. ECB rate decisions are made by its Governing Council. The ECB changing or communicating a future change to official interest rate targets can have a material impact on domestic bond yields, like the 10-year German Bund. If the European Central Bank were to cut interest rates, for example, it would likely send Eurozone bond yields lower and fuel weakness across EUR price action.