The benchmark interest rate in Algeria was last recorded at 3 percent. source: Bank of Algeria

Interest Rate in Algeria averaged 5.13 percent from 1963 until 2021, reaching an all time high of 15 percent in April of 1994 and a record low of 2.75 percent in January of 1972. This page provides - Algeria Discount Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Algeria Discount Rate - values, historical data and charts - was last updated on October of 2021.

Interest Rate in Algeria is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria Discount Rate is projected to trend around 3.25 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Algeria Discount Rate

Algeria Last Unit Reference Previous Highest Lowest
Interest Rate 3.00 percent Jul/21 3.00 15.00 2.75
Foreign Exchange Reserves 55000.00 USD Million Mar/20 60000.00 194961.00 55000.00

Algeria Discount Rate
The Discount Rate is the rate charged by the Bank of Algeria on loans to banks and finance companies through a call for tender system.