Interest Rate in Latvia

Latvia Interest Rate | Economic News & Forecasts

Latvia - Interest Rate

Latvia’s economy encountered significant headwinds at the beginning of this year, following a solid, domestic demand-led expansion at the end of last year. Annual growth plummeted to a two-and-a-half year low in the first quarter, according to preliminary estimates. The deceleration was chiefly driven by a significant downturn in investment activity growth amid feebler dynamics in the construction sector, as well as by near-stagnant industrial production, which was weighed on by contracting electricity, gas and heat supply. Turning to the current quarter, frail dynamics appear to have carried over from Q1. Economic confidence fell to a nine-month low in April, largely due to deteriorating sentiment in the industrial, construction and services sectors, which more than offset higher confidence in the retail trade sector.

Latvia - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)0.25  0.05  0.05  0.0  0.0  

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Latvia Interest Rate Chart

Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Jun 14
Stock Market1,0730.17 %Jun 14

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