Latvia: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 6.21 percent as of September 2024, a decline compared to the previous value of 6.31 percent. Historically, the average for Latvia from January 2004 to September 2024 is 4.09 percent. The minimum of 2.56 percent was recorded in February 2017, while the maximum of 7.62 percent was reached in August 2008.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Latvia
| Recent values | Latvia: Business credit interest rate, percent |
|---|---|
| 2024 Sep | 6.21 |
| 2024 Aug | 6.31 |
| 2024 Jul | 6.39 |
| 2024 Jun | 6.44 |
| 2024 May | 6.5 |
| 2024 Apr | 6.51 |
| 2024 Mar | 6.51 |
| 2024 Feb | 6.51 |
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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 1.3 | 2024 | percent |
| Exchange rate regimes | 7 | 2023 | index points |
| USD exchange rate | 0.8695 | 6/2026 | Local Currency Units per USD |
| Money supply (broad money) | 23.37 | 12/2025 | billion |
| Consumer Price Index (CPI) | 103.8500 | 6/2026 | index points |
| Inflation, monthly | 0.02 | 6/2026 | percent |
| Inflation, annual | 3.27 | 6/2026 | percent |
| Food and beverages inflation | -0.31 | 4/2026 | percent |
| Alcohol and tobacco inflation | 0.59 | 4/2026 | percent |
| Energy price inflation | 11.43 | 4/2026 | percent |
| Transport services inflation | 8.52 | 4/2026 | percent |
| Services inflation | 4.05 | 4/2026 | percent |
| Information and communication inflation | 2.07 | 4/2026 | percent |
| Restaurant and accommodation services inflation | 5.59 | 4/2026 | percent |
| Health care inflation | 4.63 | 4/2026 | percent |
| Education services inflation | 4.00 | 4/2026 | percent |
| Clothing and footwear inflation | 0.57 | 4/2026 | percent |
| Housing inflation | 5.33 | 4/2026 | percent |
| Private sector credit | 13.17 | 12/2025 | billion |
| Business credit | 6.32 | 12/2025 | billion |
| Household credit | 6.85 | 12/2025 | billion |
| Mortgage credit | 5.53 | 12/2025 | billion |
| Consumer credit | 1.32 | 12/2025 | billion |
| Deposit interest rate | 3.04 | 4/2024 | percent |
| Business credit interest rate | 6.21 | 9/2024 | percent |
| Mortgage credit interest rate | 7.75 | 9/2024 | percent |
| Bank deposits, total | 19.54 | 3/2026 | billion local currency units |
| Bank deposits, local currency | 18.39 | 3/2026 | billion local currency units |
| Bank deposits, foreign currency | 1.16 | 3/2026 | billion local currency units |