Interest Rate in Latvia
Latvia - Interest RateThe 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
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Latvia Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 9, 2021
Consumer prices increased 1.14% in October over the previous month, accelerating from the 1.06% increase seen in September.
November 3, 2021
Industrial output expanded 5.8% year-on-year in September (August: +4.3% yoy).
October 28, 2021
GDP expanded 4.8% on an annual basis in the third quarter of 2021, according to preliminary national accounts data released by Latvia’s Statistical Institute on 28 October.
October 8, 2021
Consumer prices rose 1.06% over the previous month in September, picking up from the 0.36% increase seen in August.
October 4, 2021
Industrial output increased 3.7% in year-on-year terms in August, moderating from July's 8.4% rise and marking the lowest reading since February.