Interest Rate in Latvia

Latvia Interest Rate | Economic News & Forecasts

Latvia - Interest Rate

Despite likely strengthening, growth appears to have remained weak in Q2, after it slumped to a two-year low in Q1 amid a broad-based slowdown in domestic activity. Business sentiment faltered in Q2, largely on the back of deteriorating confidence in the construction and industrial sectors. This suggest a slump in domestic investment activity growth carried over from Q1, and industrial output likely dipped again in June, after production contracted in April–May. On the external front, merchandise export growth came to a halt in the same two months, amid slowing growth in Latvia’s key trade partners. On a slightly more positive note, surging imports in the same period signal improving consumer demand and a likely pick up in foreign investment, amid a drop in unemployment. That said, the current account will have deteriorated significantly in Q2 as a result.

Latvia - Interest Rate Data

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

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

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.110.65 %Jul 31
Stock Market1,0390.17 %Jul 31

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