Ecuador Interest Rate

The benchmark interest rate in Ecuador was last recorded at 8.17 percent. Interest Rate in Ecuador is reported by the Banco Central del Ecuador. Interest Rate in Ecuador averaged 20.61 Percent from 1970 until 2014, reaching an all time high of 72.60 Percent in January of 2000 and a record low of 7.77 Percent in October of 2005. In Ecuador, interest rate decisions are taken by the Central Bank of Ecuador´s Governing Council. The official interest rate is the Benchmark Lending Rate (Tasa Activa Referencial). This page provides - Ecuador Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.17 8.17 72.60 7.77 8.25 | 2014/05 1970 - 2014 Percent Monthly

TO

Ecuador Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 3976.25 2014-03-31 4332.41 6511.45 778.90 3883.67 2014-04-30 USD Million [+]
Interest Rate 8.17 2014-04-30 8.17 72.60 7.77 8.25 2014-05-31 Percent [+]
Interbank Rate 0.00 2014-04-11 0.00 14.67 0.00 0.00 2014-05-31 Percent [+]
Loans to Private Sector 18052.01 2014-02-28 18183.09 18311.11 4285.40 18120.75 2014-03-31 USD Million [+]
Money Supply M1 15525.24 2014-02-28 15558.21 16272.43 5916.73 15623.30 2014-03-31 USD Million [+]
Money Supply M2 34567.80 2014-02-28 34372.29 35051.14 11792.36 34718.93 2014-03-31 USD Million [+]
[+]


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

Ecuador Crude Oil Production at 540.00 Thousands Barrels per Day  
Crude Oil Production in Ecuador increased to 540 Thousands Barrels per Day in October of 2013 from 535 Thousands Barrels per Day in September of 2013. Crude Oil Production in Ecuador is reported by the U.S. Energy Information Administration.
Ecuador Exports at 2150067.00 USD Thousand  
Exports in Ecuador increased to 2150067 USD Thousand in February of 2014 from 2033186 USD Thousand in January of 2014. Exports in Ecuador is reported by the Banco Central del Ecuador.
Ecuador Current Account at -157.73 USD Million  
Ecuador recorded a Current Account deficit of 157.73 USD Million in the third quarter of 2013. Current Account in Ecuador is reported by the Banco Central del Ecuador.
Ecuador Balance of Trade at 177965.00 USD Thousand  
Ecuador recorded a trade surplus of 177965 USD Thousand in February of 2014. Balance of Trade in Ecuador is reported by the Banco Central del Ecuador.
Ecuador Changes in Inventories at 91156.00 USD THO  
Changes in Inventories in Ecuador decreased to 91156 USD THO in the third quarter of 2013 from 110881 USD THO in the second quarter of 2013. Changes in Inventories in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador Capital Flows at 693.07 USD Million  
Capital Flows in Ecuador increased to 693.07 USD Million in the third quarter of 2013 from 137.09 USD Million in the second quarter of 2013. Capital Flows in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador Consumer Spending at 10774859.00 USD THO  
Consumer Spending in Ecuador increased to 10774859 USD THO in the third quarter of 2013 from 10647126 USD THO in the second quarter of 2013. Consumer Spending in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador Consumer Price Index (CPI) at 147.69 Index Points  
Consumer Price Index (CPI) in Ecuador increased to 147.69 Index Points in March of 2014 from 146.67 Index Points in February of 2014. Consumer Price Index (CPI) in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador GDP Constant Prices at 16862885.00 USD THO  
GDP Constant Prices in Ecuador increased to 16862885 USD THO in the third quarter of 2013 from 16593067 USD THO in the second quarter of 2013. GDP Constant Prices in Ecuador is reported by the Banco Central Del Ecuador.
Ecuador Government Budget Value at -1707.54 USD Million  
Ecuador recorded a government budget deficit of 1707.54 USD Million in December of 2013. Government Budget Value in Ecuador is reported by the Banco Central Del Ecuador.
MORE RELATED NEWS

LATEST NEWS

Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News