Guyana Interest Rate

The benchmark interest rate in Guyana was last recorded at 5 percent. Interest Rate in Guyana is reported by the Bank of Guyana. Interest Rate in Guyana averaged 6.25 Percent from 2001 until 2014, reaching an all time high of 8.75 Percent in February of 2001 and a record low of 5 Percent in March of 2013. In Guyana, interest rates decisions are taken by the Monetary Committee of the Bank of Guyana. The official rate is the bank rate. This page provides - Guyana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.00 5.00 8.75 5.00 5.00 | 2014/04 2001 - 2014 Percent Monthly

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Guyana Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 5.00 2014-03-31 5.00 8.75 5.00 5.00 2014-04-30 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

Guyana Inflation Rate at 0.90 Percent  
The inflation rate in Guyana was recorded at 0.90 percent in the fourth quarter of 2013. Inflation Rate in Guyana is reported by the Statistics Guyana.
Guyana Interest Rate at 5.00 Percent  
The benchmark interest rate in Guyana was last recorded at 5 percent. Interest Rate in Guyana is reported by the Bank of Guyana.
Guyana Sales Tax Rate | VAT at 16.00 Percent  
The Sales Tax Rate in Guyana stands at 16 percent. Sales Tax Rate in Guyana is reported by the Ministry of Finance.
Guyana GDP Annual Growth Rate at 3.90 Percent  
The Gross Domestic Product (GDP) in Guyana expanded 3.90 percent in the first six months of 2013 from the same period of the previous year. GDP Annual Growth Rate in Guyana is reported by the Bank of Guyana.
Guyana Balance of Trade at -49.70 USD Million  
Guyana recorded a trade deficit of 49.70 USD Million in the third quarter of 2013. Balance of Trade in Guyana is reported by the Bank of Guyana.
Guyana Current Account at -394.80 USD Million  
Guyana recorded a Current Account deficit of 394.80 USD Million in 2012. Current Account in Guyana is reported by the Bank of Guyana.
Guyana Imports at 448.40 USD Million  
Imports in Guyana decreased to 448.40 USD Million in the third quarter of 2013 from 456.30 USD Million in the second quarter of 2013. Imports in Guyana is reported by the Bank of Guyana.
Guyana Exports at 398.80 USD Million  
Exports in Guyana increased to 398.80 USD Million in the third quarter of 2013 from 318.90 USD Million in the second quarter of 2013. Exports in Guyana is reported by the Bank of Guyana.
Guyana Remittances at 405.00 USD Million  
Remittances in Guyana increased to 405 in December of 2012 from 401 in December of 2011.
Guyana GDP per capita at 1276.80 USD  
The Gross Domestic Product per capita in Guyana was last recorded at 1276.80 US dollars in 2012. The GDP per Capita in Guyana is equivalent to 10 percent of the worlds average. GDP per capita in Guyana is reported by the World Bank.
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