The benchmark interest rate in Iraq was last recorded at 4 percent. Interest Rate in Iraq averaged 6.99 percent from 2004 until 2018, reaching an all time high of 20 percent in December of 2007 and a record low of 4 percent in March of 2016.
Interest Rate in Iraq is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Iraq to stand at 5.00 in 12 months time. In the long-term, the Iraq Interest Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.