Interest Rate in Latvia

Latvia Interest Rate | Economic News & Forecasts

Latvia - Interest Rate

According to preliminary GDP data, the economy finished last year on a strong footing, as growth picked up in Q4 from an already robust previous quarter outturn. Hearty domestic demand metrics suggest the domestic economy once again remained in the driver’s seat of the overall expansion. Tightening labor market conditions, stemming from rising employment and higher wages, coupled with stable inflation, appear to have propped up household consumption growth in Q4. This has more than offset a likely deterioration in the external sector, where exports decelerated again due to weaker demand from abroad. Looking ahead, available data signals braodly strong momentum in Q1 as economic sentiment in January landed above last quarter’s average.

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

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Mar 11
Stock Market9850.17 %Mar 11

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Economic News

  • Latvia: Industrial production contracts in January

    March 5, 2019

    According to Latvia’s Central Statistical Bureau, industrial output fell 1.8% in working day-adjusted year-on-year terms in January, compared to a strong 4.5% expansion in December.

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  • Latvia:

    March 1, 2019

    According to comprehensive national accounts data released by the Statistical Institute on 1 March, economic growth reached 5.1% on an annual basis in the final quarter of 2018 (previously reported: +5.0% year-on-year), accelerating from the third quarter’s revised 4.5% expansion (previously reported: +4.8% yoy).

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  • Latvia: Inflation increases in January

    February 20, 2019

    Consumer prices rose 0.5% from the previous month in January, following December’s 0.4% dip.

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  • Latvia: Industrial production rebounds in December

    February 4, 2019

    According to Latvia’s Central Statistical Bureau, industrial output jumped 4.5% in working day-adjusted year-on-year terms in December, compared to a 0.6% contraction in November.

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  • Latvia: Growth picks up in the fourth quarter

    January 30, 2019

    According to a flash estimate released by the Statistical Institute on 30 January, the economy expanded 5.0% in year-on-year terms in the fourth quarter of 2018, up slightly from the third quarter’s sturdy 4.8% increase.

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