Latvia Policy Rate
Latvia cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 0.00 % pa in Nov 2020, compared with 0.00 % pa in the previous Oct 2020. Latvia Policy Rate averaged 1.25 % pa and is updated monthly, available from Jan 1999 to Nov 2020. The data reached an all-time high of 4.75 % pa in Apr 2001 and a record low of 0.00 % pa in Nov 2020. Latvia joined the Euro Area on January 1st, 2014 and Main Refinancing Operations Rate established by the European Central Bank (ECB) is used as policy rate. Before joining the Euro Area, Latvia pursued quasi-currency board arrangement. For policy rate prior the adoption of the Euro please refer to the Refinancing Rate.
In the latest reports, Latvia Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.52 % pa in Oct 2020. Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Latvia: ECB Harmonised) was reported at -0.23 % pa in Oct 2020. Latvia Exchange Rate against USD averaged 0.85 (EUR/USD) in Sep 2020.
View Latvia's Policy Rate from Jan 1999 to Nov 2020 in the chart:
What was Latvia's Policy Rate in Nov 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 0.00 Nov 2020 | 0.00 Oct 2020 | 0.00 Nov 2020 | 4.75 Apr 2001 | % pa | monthly | Jan 1999 - Nov 2020 |
Policy Rate by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 0.50 Oct 2020 | monthly | Jan 2000 - Oct 2020 |
| Algeria (% pa) | 3.00 Dec 2020 | monthly | Jan 1963 - Dec 2020 |
| Argentina (%) | 30.79 Oct 2020 | monthly | Aug 1985 - Oct 2020 |
| Armenia (% pa) | 5.25 Dec 2020 | monthly | May 2001 - Dec 2020 |
| Australia (% pa) | 0.10 Nov 2020 | monthly | Aug 1990 - Nov 2020 |
| Austria (% pa) | 0.00 Dec 2020 | monthly | Jan 1999 - Dec 2020 |
| Azerbaijan (% pa) | 6.50 Nov 2020 | monthly | Jan 2005 - Nov 2020 |
| Bahrain (% pa) | 1.00 Dec 2020 | monthly | Jan 2007 - Dec 2020 |
| Bangladesh (% pa) | 4.75 Nov 2020 | monthly | Sep 2009 - Nov 2020 |
| Belarus (% pa) | 7.75 Dec 2020 | monthly | Jul 1991 - Dec 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.7 Jun 2020 | quarterly | Dec 1999 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -96.976 Jun 2020 | quarterly | Mar 1999 - Jun 2020 |
| Tax Revenue (USD mn) | 2,024.472 Sep 2020 | quarterly | Mar 1999 - Sep 2020 |
| Tax Revenue: % of GDP (%) | 22.2 Jun 2020 | quarterly | Mar 1999 - Jun 2020 |
| National Government Debt (USD mn) | 15,418.8 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Government Debt: % of GDP (%) | 42.9 Jun 2020 | quarterly | Mar 2000 - Jun 2020 |
| Forecast: Government Expenditure (LVL bn) | 15.293 2025 | yearly | 1998 - 2025 |
| Forecast: Government Net Debt (LVL bn) | 15.139 2025 | yearly | 1998 - 2025 |
| Forecast: Government Revenue (LVL bn) | 14.974 2025 | yearly | 1998 - 2025 |
| General Govt Debt: % of GDP (%) | 39.976 2017 | yearly | 2000 - 2017 |
| General Govt Revenue: Taxes on Production and Imports: Value Added Type Taxes (EUR mn) | 718.618 Sep 2020 | quarterly | Mar 1999 - Sep 2020 |
| General Govt Expenditure: Capital Transfers Payable (EUR mn) | 0.000 Sep 2018 | quarterly | Mar 1999 - Sep 2018 |
| General Govt Debt (EUR mn) | 13,152.568 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
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