Recently, interest rates for various European countries have been a hot topic, especially as central banks continue to adjust their monetary policies. According to the latest data, some European countries have seen significant changes in their interest rates.
For instance, the Euro Area, which includes countries using the Euro currency, has an interest rate of 3.65%, down from 4.25% in the previous month. The United Kingdom, on the other hand, has maintained its interest rate at 5% as of September 2024.
In Scandinavia, Norway‘s interest rate remains steady at 4.5%, while Sweden‘s rate has dropped to 3.25% from 3.5%. Iceland, however, has one of the highest interest rates in Europe, standing at 9% as of October 2024.
Eastern European countries also show varied rates; Poland and Serbia both have an interest rate of 5.75%, while Hungary‘s rate is at 6.5%. Russia, facing economic challenges, has a notably high interest rate of 19%.
These changes reflect the diverse economic conditions and policy responses across European countries, highlighting the complex landscape of monetary policy in the region.
