Latvia: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 3.04 percent as of April 2024, an increase compared to the previous value of 3.03 percent. Historically, the average for Latvia from January 2004 to April 2024 is 1.46 percent. The minimum of 0.06 percent was recorded in March 2022, while the maximum of 4.72 percent was reached in July 2008.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Latvia
| Recent values | Latvia: Bank deposit interest rate, percent |
|---|---|
| 2024 Apr | 3.04 |
| 2024 Mar | 3.03 |
| 2024 Feb | 3.05 |
| 2024 Jan | 3.21 |
| 2023 Dec | 3.27 |
| 2023 Nov | 3.48 |
| 2023 Oct | 3.23 |
| 2023 Sep | 3.2 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 8.9 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 0.9409 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 20.59 | 9/2024 | billion |
| Consumer Price Index (CPI) | 146.0900 | 11/2024 | index points |
| Inflation, monthly | 0.12 | 11/2024 | percent |
| Inflation, annual | 2.30 | 11/2024 | percent |
| Private sector credit | 11.06 | 9/2024 | billion |
| Business credit | 5.01 | 9/2024 | billion |
| Household credit | 6.05 | 9/2024 | billion |
| Mortgage credit | 4.97 | 9/2024 | billion |
| Consumer credit | 1.08 | 9/2024 | 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 |