Estimates of the natural interest rate for the euro area: an update
Retrieved on:
torsdag, februari 8, 2024
The natural rate of interest is defined as the real rate of interest that is neither expansionary nor contractionary.
Key Points:
- The natural rate of interest is defined as the real rate of interest that is neither expansionary nor contractionary.
- A wide range of estimates obtained from a suite of models and approaches suggests that cyclical measures of euro area r* have been edging higher recently.