Germany Interbank Rate

Short-term (usually 3-month) interbank interest rate, monthly average.

Interbank Rate in Germany increased to 2.64 percent in Sep 2026 from 2.51 percent in Aug 2026.

2.64%
▲ +0.12 ppSep 2026 · previous 2.51%Monthly · percent · Source: OECD — Organisation for Economic Co-operation and Development

Germany Interbank Rate — History

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Germany Interbank Rate — analysis in simple words

Latest reading

Interbank Rate in Germany increased to 2.64 percent in Sep 2026 from 2.51 percent in Aug 2026.

It has risen in each of the last three months.

Recent trend

A year earlier (Sep 2025) it was 2.03%, so the latest figure is 0.61 percentage points higher.

Over the past five years the average was 2.22%, with a range from -0.58% to 3.97%. The latest value is above that five-year average.

Historical context

This data series starts in Jan 1960 and has 801 monthly observations. The latest reading is higher than 28% of all of them.

The highest value on record is 14.57% (Aug 1973) and the lowest is -0.58% (Dec 2021). The long-run average is 4.25%.

Compared with other countries

Among 44 economies with recent data, Germany ranks 21st from the top. The median across all these economies is 2.64%, so Germany is below the typical country.

Among 16 major economies tracked on this site it ranks 9th.

Within Europe & Central Asia (29 economies with data) it ranks 15th; the regional median is 2.64%.

Statistics

Latest
2.64%Sep 2026
Previous
2.51%
5-year average
2.22%
Long-run average
4.25%since Jan 1960
All-time high
14.57%Aug 1973
All-time low
-0.58%Dec 2021
Observations
801Monthly

Recent Data

PeriodValueChange
Sep 20262.64%▲ +0.12 pp
Aug 20262.51%▲ +0.09 pp
Jul 20262.43%▲ +0.09 pp
Jun 20262.34%▲ +0.11 pp
May 20262.23%▲ +0.05 pp
Apr 20262.18%▲ +0.07 pp
Mar 20262.11%▲ +0.10 pp
Feb 20262.01%▼ −0.02 pp
Jan 20262.03%▼ −0.02 pp
Dec 20252.05%▲ +0.01 pp
Nov 20252.04%▲ +0.01 pp
Oct 20252.03%▲ +0.01 pp
Sep 20252.03%▲ +0.01 pp
Aug 20252.02%▲ +0.03 pp
Jul 20251.99%▲ +0.00 pp
Jun 20251.98%▼ −0.10 pp
May 20252.09%▼ −0.16 pp
Apr 20252.25%▼ −0.19 pp
Mar 20252.44%▼ −0.08 pp
Feb 20252.52%▼ −0.18 pp
Jan 20252.70%▼ −0.12 pp
Dec 20242.82%▼ −0.18 pp
Nov 20243.01%▼ −0.16 pp
Oct 20243.17%▼ −0.27 pp
Sep 20243.43%▼ −0.11 pp
Aug 20243.55%▼ −0.14 pp
Jul 20243.68%▼ −0.04 pp
Jun 20243.72%▼ −0.09 pp
May 20243.81%▼ −0.07 pp
Apr 20243.89%

Interbank Rate — Germany vs Peers

Latest available reading for each economy (periods may differ). Germany highlighted.

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See all countries →

More Germany indicators

GDP Annual Growth Rate1.0%Q2 2026Interest Rate2.50%Sep 2026Inflation Rate3.3%Sep 2026Unemployment Rate4.0%Aug 2026Government Debt to GDP62.7%2025Balance of Trade$119.0B2025Current Account to GDP4.4%2025GDP$5,050.9B2025GDP Growth Rate0.33%Q2 2026Foreign Exchange Reserves$572.2B2025Private Debt to GDP134.8%Q1 2026Government Bond 10Y Yield3.47%Sep 2026
Germany economy overview →   Interbank Rate — all countries →

Understanding Interbank Rate — a simple guide

What it measures

The interest rate at which banks lend to each other for short periods, usually three months.

How it is calculated

The average rate during the month for three-month lending between banks (for example LIBOR successors, MIBOR-type rates).

Simple example

If the policy rate is 6.5% and banks lend to each other at 6.7%, the spread is 0.2 percentage points.

▲ When it is high or rising

A higher rate means tighter money-market conditions.

▼ When it is low or falling

A lower rate means cheaper short-term funding for banks.

Why it matters for the economy and markets

Interbank rates show how central bank policy actually passes through to money markets, and they are used as a base for many loans.

How to read it

It normally stays close to the policy rate. A sudden widening of the gap can be a sign of stress in the banking system.

What to look at alongside it

The policy rate and bank lending rates.

Key terms

Money market
The market for short-term borrowing and lending.

Data source

OECD — Organisation for Economic Co-operation and Development (series OECD 3-month interbank rate), monthly data from Jan 1960 to Sep 2026. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current interbank rate of Germany?
Germany interbank rate was 2.64% in Sep 2026, compared with 2.51% in the previous period, according to OECD — Organisation for Economic Co-operation and Development.
What is the highest and lowest interbank rate of Germany?
Since Jan 1960, the highest reading was 14.57% (Aug 1973) and the lowest was -0.58% (Dec 2021).
What does interbank rate measure?
The interest rate at which banks lend to each other for short periods, usually three months.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.