Interest Rate in Brunei

Brunei Interest Rate | Economic News & Forecasts

Brunei - Interest Rate

The economy contracted in Q1, marking the third quarterly contraction over the past four quarters. A sharp decline in the oil and gas sector, as falling LNG and natural gas output more than offset higher crude oil production, drove the economy to shrink in the quarter. On the expenditure side, private consumption growth was robust but down slightly from the quarter prior. Meanwhile, government consumption and investment growth slowed sharply in the first quarter. Looking at the second quarter, while data is limited, the external sector appeared to perform well at the outset of the period as merchandise trade data showed higher LNG and crude oil exports in April.

Brunei - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)5.50  5.50  5.50  5.50  5.50  

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Note: Reference rate in %.

Brunei Facts

Exchange Rate1.370.0 %Jul 31

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