The Central Bank of Liberia cut its benchmark interest rate by 50 bps to 25% during its May 2020 meeting, after keeping it at 30% in February. The decision came against the backdrop of the Covid-19 crisis and the resulting disruption in both global and domestic activities. The Liberian economy, which contracted 2.5% in 2019 amid weak performance of the non-mining sectors, is expected to be hit by the global pandemic, largely on account of supply-side constraints. However, inflation has been falling since October 2019 and it is seen decelerating further in the second quarter.
Interest Rate in Liberia averaged 16.38 percent from 2019 until 2020, reaching an all time high of 30 percent in November of 2019 and a record low of 4 percent in April of 2019. This page provides the latest reported value for - Liberia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Liberia Interest Rate - values, historical data and charts - was last updated on August of 2020. source: Central Bank of Liberia
Interest Rate in Liberia is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Liberia to stand at 12.50 in 12 months time. In the long-term, the Liberia Interest Rate is projected to trend around 12.50 percent in 2021 and 15.00 percent in 2022, according to our econometric models.