The benchmark interest rate in Latvia is set by the European Central Bank. ECB policymakers discussed a smaller increase in bond purchases under the PEPP and agreed that the central bank did not need to use the envelope in full if favorable financing conditions could be maintained, the accounts of the March's meeting showed. Also, officials noted that that the pick-up in nominal yields reflected almost entirely markets’ reappraisal of the inflation outlook; while it was argued that higher real rates were not necessarily a cause for concern and should not trigger a policy intervention if they reflected higher growth prospects rather than higher real term premia. Last month, the ECB said it would conduct emergency bond purchases at a significantly higher pace over the April-June period, aiming to bring government bond yields down and to support the Eurozone economic recovery. source: European Central Bank

Interest Rate in the Euro Area averaged 1.79 percent from 1998 until 2021, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016. This page provides - Latvia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Interest Rate in Euro Area is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Euro Area to stand at 0.00 in 12 months time. In the long-term, the Euro Area Interest Rate is projected to trend around 0.00 percent in 2022, according to our econometric models.

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Latvia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 4.75 0.00 1998 - 2021 percent Daily

Latvia Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate 0.17 0.17 23.50 0.16 percent [+]
Money Supply M0 11123.80 10807.50 11301.50 154.20 EUR Million [+]
Money Supply M1 16090.30 15876.80 16090.30 2104.90 EUR Million [+]
Money Supply M2 17781.30 17661.40 17781.30 2881.20 EUR Million [+]
Foreign Exchange Reserves 4541.00 4410.00 6080.19 308.34 USD Million [+]
Banks Balance Sheet 24069.80 23794.90 32743.00 21504.20 EUR Million [+]
Loans To Private Sector 4323.90 4327.40 9837.50 1783.40 EUR Million [+]
Central Bank Balance Sheet 23061.00 23045.70 23061.00 1528.00 EUR Million [+]

Latvia Interest Rate
Since January of 2014, Latvia is a member of the European Union which has adopted the euro. Latvia's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation.