Gambia Interest Rate

The benchmark interest rate in Gambia was last recorded at 20 percent. Interest Rate in Gambia is reported by the Central Bank of The Gambia. Interest Rate in Gambia averaged 18.81 Percent from 2002 until 2014, reaching an all time high of 34 Percent in September of 2003 and a record low of 12 Percent in July of 2012. In Gambia, interest rates decisions are taken by the Central Bank of Gambia’s Monetary Policy Committee in its Monetary Policy Meetings. The CBG’s official interest rate is the policy rate. This page provides - Gambia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
20.00 20.00 34.00 12.00 18.00 | 2014/02 2002 - 2014 Percent Monthly

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Gambia Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 20.00 2014-03-31 20.00 34.00 12.00 18.00 2014-02-28 Percent [+]
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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

Gambia Interest Rate at 20.00 Percent  
The benchmark interest rate in Gambia was last recorded at 20 percent. Interest Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Inflation Rate at 5.60 Percent  
The inflation rate in Gambia was recorded at 5.60 percent in December of 2013. Inflation Rate in Gambia is reported by the Central Statistics Department of The Gambia.
Gambia Government Budget at -8.00 Percent of GDP  
Gambia recorded a Government Budget deficit equal to 8 percent of the country's Gross Domestic Product in 2013. Government Budget in Gambia is reported by the Central Bank of The Gambia.
Gambia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Gambia stands at 15 percent. Sales Tax Rate in Gambia is reported by the Ministry of Finance.
Gambia Current Account to GDP at 11.30 Percent  
Gambia recorded a Current Account surplus of 11.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Gambia is reported by the Central Bank of The Gambia.
Gambia GDP Annual Growth Rate at 5.60 Percent  
The Gross Domestic Product (GDP) in Gambia expanded 5.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Balance of Trade at -1159.07 million GMD  
Gambia recorded a trade deficit of 1159.07 million GMD in the third quarter of 2013. Balance of Trade in Gambia is reported by the Central Bank of The Gambia.
Gambia Current Account at 587.48 Dalasi Million  
Gambia recorded a Current Account surplus of 587.48 Dalasi Million in the third quarter of 2013. Current Account in Gambia is reported by the Central Bank of The Gambia.
Gambia Imports at 2306.40 million GMD  
Imports in Gambia decreased to 2306.40 million GMD in the third quarter of 2013 from 2403.40 million GMD in the second quarter of 2013. Imports in Gambia is reported by the Central Bank of The Gambia.
Gambia Exports at 1147.33 million GMD  
Exports in Gambia increased to 1147.33 million GMD in the third quarter of 2013 from 1132.24 million GMD in the second quarter of 2013. Exports in Gambia is reported by the Central Bank of The Gambia.
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