Interest Rate in Algeria

Algeria Interest Rate | Economic News & Forecasts

Algeria - Interest Rate

The economic panorama remains subdued in the second half of the year, amid the twin impact of pandemic-induced restrictions and tumbling oil revenues. Oil output slumped again in Q3, remaining close to July’s two-decade low level in August and September, thus weighing on government finances. Meanwhile, stubbornly high daily infection rates through Q3 and into the start of Q4 continue to require restrictions on daily life, hampering domestic activity. Meanwhile, President Tebboune was hospitalized on 27 October and later transferred to Germany for treatment, although the cause of illness has not been revealed. This came days before proposed changes to the constitution won the most votes in a national referendum on 1 November. However, fewer than 25% of the electorate turned out to vote amid widespread calls to boycott the poll.

Algeria - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)4.00  3.50  3.75  3.75  3.75  

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Algeria Interest Rate Chart


Algeria Interest Rate
Note: Discount rate in %.
Source: Bank of Algeria.

Algeria Facts

Value Change Date
Exchange Rate119.1-0.11 %Jan 01

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