Interest Rate in Latvia

Latvia Interest Rate | Economic News & Forecasts

Latvia - Interest Rate

The economy expanded at a softer pace in Q3, according to a preliminary estimate, on a reduction in the favorable base effect that had pushed growth to a multi-year high in Q2. Although details are still pending, available data for the quarter affirms the slowdown: Retail sales rose at a notably slower pace in Q3 compared to Q2, which, combined with deteriorating consumer confidence in July–September, suggests weaker household consumption. Furthermore, industrial output growth averaged lower in Q3 amid muted mining output and energy production. Lastly, in pandemic-related news, after the four-week lockdown that ended on 15 November led to a marked decline in Covid-19 cases, authorities have opted to tighten their stance on vaccine mandates: Starting from 15 November, individuals—including government officials—may be dismissed from work or penalized if they refuse to get vaccinated.

Latvia - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)-     -     -     -     -     

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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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