Interest Rate in Latvia
Latvia - Interest RateDespite 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
|Policy Interest Rate (%)||0.25||-||-||-||-|
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||1.11||0.65 %||Jul 31|
|Stock Market||1,039||0.17 %||Jul 31|
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August 12, 2019
Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.
August 5, 2019
Industrial production rose 4.4% in annual working-day adjusted terms in June, up from a 1.7% year-on-year increase in May.
July 30, 2019
Economic momentum weakened further in the second quarter, according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 July.
July 15, 2019
Consumer prices rose 0.4% from the previous month in June, up from May’s 0.2% increase.
July 4, 2019
Industrial output rose 1.7% in working day-adjusted year-on-year terms in May, contrasting April’s 2.4% contraction.