Cape Verde Interest Rate

The benchmark interest rate in Cape Verde was last recorded at 8.25 percent. Interest Rate in Cape Verde is reported by the Banco de Cabo Verde. Interest Rate in Cape Verde averaged 8.52 Percent from 1998 until 2014, reaching an all time high of 10.50 Percent in February of 1998 and a record low of 6 Percent in February of 2008. In Cape Verde, interest rates decisions are taken by the Monetary Committee of the Bank of Cape Verde. The official rate is the rediscount rate. This page provides - Cape Verde Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.25 8.25 10.50 6.00 8.25 | 2014/03 1998 - 2014 Percent Monthly

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Cape Verde Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 33516.90 2013-10-31 33673.00 35415.70 784.10 34107.06 2013-11-30 Escudo Million [+]
Loans To Private Sector 93251.80 2013-10-31 92805.40 93572.70 6276.10 92830.72 2013-11-30 Escudo Million [+]
Money Supply M2 129469.60 2013-10-31 129306.90 129469.60 18495.60 134164.49 2014-03-31 Escudo Million [+]
Interest Rate 8.25 2014-03-31 8.25 10.50 6.00 8.25 2014-03-31 Percent [+]
[+]


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Cape Verde Inflation Rate at 0.60 Percent  
The inflation rate in Cape Verde was recorded at 0.60 percent in March of 2014. Inflation Rate in Cape Verde is reported by the INE, Cape Verde.
Cape Verde Interest Rate at 8.25 Percent  
The benchmark interest rate in Cape Verde was last recorded at 8.25 percent. Interest Rate in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Cape Verde stands at 15 percent. Sales Tax Rate in Cape Verde is reported by the Ministry of Finance.
Cape Verde Balance of Trade at -4504.30 CVE Million  
Cape Verde recorded a trade deficit of 4504.30 CVE Million in November of 2013. Balance of Trade in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Imports at 4989.99 CVE Million  
Imports in Cape Verde decreased to 4989.99 CVE Million in November of 2013 from 6720.37 CVE Million in October of 2013. Imports in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Exports at 485.69 CVE Million  
Exports in Cape Verde decreased to 485.69 CVE Million in November of 2013 from 591.68 CVE Million in October of 2013. Exports in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Current Account at -562.42 CVE Million  
Cape Verde recorded a Current Account deficit of 562.42 CVE Million in the third quarter of 2013. Current Account in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Consumer Confidence at 13.00  
Consumer Confidence in Cape Verde decreased to 13 in the fourth quarter of 2013 from 16 in the third quarter of 2013. Consumer Confidence in Cape Verde is reported by the INE, Cape Verde.
Cape Verde Foreign Exchange Reserves at 33516.90 Escudo Million  
Gross Foreign Exchange Reserves in Cape Verde decreased to 33516.90 Escudo Million in October of 2013 from 33673 Escudo Million in September of 2013. Foreign Exchange Reserves in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Money Supply M2 at 129469.60 Escudo Million  
Money Supply M2 in Cape Verde increased to 129469.60 Escudo Million in October of 2013 from 129306.90 Escudo Million in September of 2013. Money Supply M2 in Cape Verde is reported by the Banco de Cabo Verde.
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