Interest Rate in Brunei

Brunei Interest Rate | Economic News & Forecasts

Brunei - Interest Rate

The economy rebounded strongly in the second quarter from the first quarter’s contraction, growing at the quickest rate since current records began in 2013. A strong recovery in the oil sector propelled the economy, while activity in the non-oil sector accelerated on the back of robust activity in the finance subsector and further lifted growth. Activity in the oil sector, meanwhile, benefited from a pick-up in crude oil production, as well as from greater liquefied natural gas output. Looking at the third quarter, the oil sector should continue firming up economic growth as the new Hengyi Petrochemical refinery officially came online in early November when the Chinese venture shipped its first cargo of liquefied petroleum gas from the refinery.

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 Rate1.360.0 %Nov 21

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