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Germany: Short-term interest rate

Percent · 1814–2025 · 207 observations · forecasts to 2026 · strate

2025
2.18%percent
Change on 2024
−1.4 pointsfrom 3.59%
Average, 2016–2025
0.729%10 years
Record high and low
390.6% (1923)low −0.549% (2021)

Short-term interest rate

Report error
-100%0%100%200%300%400%1850190019502000GermanyGermany
ForecastPercent

Compare with other countries →Definition of Short-term interest rate

Recent values

Percent

YearValue
20262.06Forecast
20252.18
20243.59
20233.43
20220.342
2021-0.549
2020-0.425
2019-0.356
2018-0.322
2017-0.329
2016-0.264

Sources

  • Homer & Sylla1814–1959
  • Sprenger1835–1913
  • Jordà-Schularick-Taylor1870–2020
  • Deutsche Bundesbank1876–1944
  • Bordo1880–1997
  • Holtfrerich1921–1923
  • Ritschl1925–1938
  • OECD Main Economic Indicators (archive)1955–1984
  • AMECO (European Commission)1960–2025
  • OECD Key Economic Indicators1960–2025
  • OECD Economic Outlook1991–2025
  • AMECO (forecast)2025
  • OECD Economic Outlook (forecast)2025–2027

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms