Interest Rate in Latvia

Latvia Interest Rate | Economic News & Forecasts

Latvia - Interest Rate

The economy gained steam in the third quarter, amid a broad-based acceleration, although the pace of expansion remained well below the average levels seen in 2017–2018. Private spending picked up in Q3, supported by rising household purchasing power and a tighter labor market, which, coupled with healthier investment activity growth, underpinned an upturn in domestic demand in the quarter. On the external front, exports rebounded decisively in Q3, while imports faltered. The current account improved as result, thus buoying growth further. Turning to the fourth quarter, private sector activity seems to have softened: The economic sentiment indicator deteriorated in October–November, industrial output growth more than halved in October and merchandise exports came to a near halt in the same month.

Latvia - Interest Rate Data

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

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Latvia Interest Rate Chart


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

Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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