harmonised long-term interest rate

What is harmonised long-term interest rate?

harmonised long-term interest rate definition and meaning on Finance terms:
Article 4 of Protocol (No 13) on the convergence criteria referred to in Article 140 of the Treaty on the Functioning of the European Union requires interest rate convergence to be measured by means of interest rates on long-term government bonds or comparable securities, taking into account differences in national definitions. In order to fulfil this Treaty requirement, the European Central Bank has carried out conceptual work on the harmonisation of long-term interest rate statistics and regularly collects data from the national central banks, in cooperation with and on behalf of Eurostat. See also
European Central Bank (ECB)
national central bank (NCB)
Treaty on the Functioning of the European Union (TFEU)<


reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html