Interest Rate in Bolivia
Bolivia - Interest RateThe Covid-19 outbreak, strict measures imposed to contain its spread and a marked deterioration in the country’s terms of trade are set to hit the economy hard in the first half of the year, with spillovers also expected in the second. In February, economic activity had already slowed markedly amid a heavy contraction of the hydrocarbons sector. The challenging external environment, which has seen a collapse in oil prices as well as reduced demand for natural gas also led to a plunge in merchandise exports in March. Moreover, remittances plummeted in the first quarter, which, coupled with the national quarantine extended until 10 May, is poised to hammer activity. Meanwhile, on 17 April the IMF approved USD 327 million in emergency financing while the World Bank unlocked USD 170 million on 8 May to help authorities tackle the health crisis. On the political front, Parliament approved a law in late April that called for the re-run of the controversial October election to be held by 2 August.
Bolivia - Interest Rate Data
|Policy Interest Rate (%)||8.07||7.95||8.11||8.04||8.40|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia Interest Rate Chart
Source: Bolivia Central Bank.
|Exchange Rate||6.91||-0.14 %||Jan 01|
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