No major changes in the current policy stance are expected from the ECB today but the central bank is likely to hint at when more stimulus will be added through the pandemic emergency purchase programme. Most investors believe the central bank will wait until December for a policy change. The ECB will also release new economic projections. Since its last meeting, data pointed to a slowing of the recovery, the euro has appreciated and the Euro Area slipped into deflation. Traders will also monitor President Lagarde’s press conference, looking for comments on the Fed’s new average inflation target and recent euro strength. On September 1st, the Euro touched $1.2, the strongest since May of 2018, amid a broad dollar weakness and increasing optimism about a fast recovery from the pandemic. The ECB kept its main refinancing rate unchanged at 0% in July and pledged to buy up to €1.35 trillion worth of debt through June 2021.

Interest Rate in the Euro Area averaged 1.82 percent from 1998 until 2020, 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 September of 2020.

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 2021, 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 - 2020 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 9556.60 9511.10 10433.60 154.20 EUR Million [+]
Money Supply M1 14268.40 13954.40 14268.40 2104.90 EUR Million [+]
Money Supply M2 16268.70 15965.30 16268.70 2881.20 EUR Million [+]
Foreign Exchange Reserves 4241.00 4172.00 6080.19 308.34 USD Million [+]
Banks Balance Sheet 21818.60 21793.30 32743.00 21504.20 EUR Million [+]
Loans To Private Sector 4429.00 4469.90 9837.50 1783.40 EUR Million [+]
Central Bank Balance Sheet 21462.70 19927.50 21462.70 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.