Benchmark Rate in Panama
Panama - Benchmark RateEconomic growth likely lost pace in Q3, due to a weaker base effect and the tightening of restrictions at the outset of the quarter, but momentum seemingly remained upbeat nonetheless. Economic activity grew at a softer, albeit still-robust, pace in July–August, while available data for the whole quarter paints a similar picture. Fuel sales and new vehicle registrations posted solid increases, although the pace of growth lost notable steam amid the same fading base effect, after new vehicle registrations skyrocketed in the second quarter. Meanwhile, rules for incoming travelers were relaxed in September, while domestic restrictions were eased in the same month amid an accelerating vaccination campaign, with over half of the population fully vaccinated by early November. This bodes well for activity in the final quarter of the year.
Panama - Benchmark Rate Data
|Benchmark Interest Rate (%)||7.49||7.61||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Panama Benchmark Rate Chart
Source: Superintendency of Banks of Panama.
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November 22, 2021
Economic activity expanded 18.0% in year-on-year terms in September, which was a deterioration from August's 28.5% increase.
November 15, 2021
Consumer prices increased 0.30% over the previous month in October, accelerating from September's 0.15% increase.
October 21, 2021
Economic activity expanded 26.4% year-on-year in August (July: +35.9% yoy).
October 15, 2021
Consumer prices rose 0.15% in September over the previous month, accelerating from August's 0.04% increase.
September 21, 2021
Economic activity increased 28.5% in year-on-year terms in July, which followed June's 32.9% increase.