Interest Rate in Myanmar
Myanmar - Interest Rate
Following a likely significant contraction in H1, the economic panorama remains subdued so far in H2 amid rising Covid-19 infections. On the external front, tourist arrivals dropped for the sixth consecutive month and at the sharpest pace in the year in July. Moreover, subdued external demand likely continued to hammer the crucial clothing industry in Q3. Meanwhile, despite recovering in July–August, the manufacturing PMI plunged back into contraction in September as the introduction of new pandemic-associated restrictions, including the shutdown of factories in Yangon, Myanmar’s biggest city, deteriorated business conditions. In politics, despite the Covid-19 surge, authorities ruled out the postponement of November’s general elections, with the ruling National League for Democracy party largely expected to win.Myanmar - Interest Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Myanmar Interest Rate Chart
Source: IMF.
Myanmar Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 16.00 | 0.0 % | Oct 15 |
| Exchange Rate | 1,476 | 0.0 % | Jan 01 |
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