Iraq Interest Rate

The benchmark interest rate in Iraq was last recorded at 6 percent. Interest Rate in Iraq is reported by the Central Bank Of Iraq. Interest Rate in Iraq averaged 8.42 Percent from 2004 until 2014, reaching an all time high of 20 Percent in December of 2007 and a record low of 6 Percent in December of 2004. In Iraq, interest rates decisions are taken by the Central Bank of Iraq. The official interest rate is the Policy Rate. This page provides - Iraq Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.00 6.00 20.00 6.00 6.00 | 2014/06 2004 - 2014 Percent Monthly

TO

Iraq Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 6.00 2014-03-31 6.00 20.00 6.00 6.00 2014-06-30 Percent [+]
Money Supply M0 71158.00 2014-01-31 73259.00 73259.00 6708.00 74967.92 2014-06-30 IQD Billion [+]
Money Supply M1 73900.00 2013-12-31 71333.00 73900.00 6294.00 79487.95 2014-06-30 IQD Billion [+]
Money Supply M2 87766.00 2013-12-31 84697.00 87766.00 7445.00 94563.73 2014-06-30 IQD Billion [+]
[+]


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

Iraq Core Consumer Prices at 145.00 Index Points  
Core Consumer Prices in Iraq increased to 145 Index Points in March of 2014 from 144.80 Index Points in February of 2014. Core Consumer Prices in Iraq is reported by the Central Statistical Organization.
Iraq Core Inflation Rate at 1.40 Percent  
Core Inflation Rate in Iraq increased 1.40 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Iraq is reported by the Central Statistical Organization.
Iraq Consumer Price Index (CPI) at 145.50 Index Points  
Consumer Price Index (CPI) in Iraq decreased to 145.50 Index Points in March of 2014 from 145.70 Index Points in February of 2014. Consumer Price Index (CPI) in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Inflation Rate at 2.00 Percent  
The inflation rate in Iraq was recorded at 2 percent in March of 2014. Inflation Rate in Iraq is reported by the Central Bank of Iraq.
Iraq Crude Oil Production at 2975.00 Thousands Barrels per Day  
Crude Oil Production in Iraq increased to 2975 Thousands Barrels per Day in October of 2013 from 2825 Thousands Barrels per Day in September of 2013. Crude Oil Production in Iraq is reported by the U.S. Energy Information Administration.
Iraq Employed Persons at 924397.00  
The number of employed persons in Iraq increased to 924397 in 2001 from 880756 in 2000. Employed Persons in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Gross National Product at 191417039.50 IQD Million  
Gross National Product in Iraq increased to 191417039.50 IQD Million in 2011 from 144649845.50 IQD Million in 2010. Gross National Product in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Unemployment Rate at 15.10 Percent  
Unemployment Rate in Iraq decreased to 15.10 percent in 2012 from 15.20 percent in 2011. Unemployment Rate in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Government Debt To GDP at 31.34 Percent  
Iraq recorded a Government Debt to GDP of 31.34 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Iraq is reported by the Central Bank of Iraq.
Iraq Government Budget at -5.55 Percent of GDP  
Iraq recorded a Government Budget deficit equal to 5.55 percent of the country's Gross Domestic Product in 2013. Government Budget in Iraq is reported by the Central Bank Of Iraq.
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