Libya Interest Rate

The benchmark interest rate in Libya was last recorded at 3 percent. Interest Rate in Libya is reported by the Central Bank of Lybia. Interest Rate in Libya averaged 3.55 percent from 2005 until 2014, reaching an all time high of 5 percent in December of 2008 and a record low of 3 percent in January of 2009. In Libya, interest rates decisions are taken by the Monetary Policy Committee of the Central Bank of Libya. The official interest rate is the rediscount rate. This page provides - Libya Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.00 3.00 5.00 3.00 3.00 | 2014/06 2005 - 2014 percent Monthly

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Libya Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 3.00 2014-03-31 3.00 5.00 3.00 3.00 2014-06-30 percent [+]
Money Supply M0 36461.10 2013-11-30 35243.40 36461.10 4189.00 37784.04 2014-06-30 LYD 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

Libya Government Budget at 20.80 Percent of GDP  
Libya recorded a Government Budget surplus equal to 20.80 percent of the country's Gross Domestic Product in 2012. Government Budget in Libya is reported by the Central Bank of Lybia.
Libya Crude Oil Production at 550.00 Thousands Barrels per Day  
Crude Oil Production in Libya increased to 550 Thousands Barrels per Day in October of 2013 from 360 Thousands Barrels per Day in September of 2013. Crude Oil Production in Libya is reported by the U.S. Energy Information Administration.
Libya Current Account at 30034.00 LYD Million  
Libya recorded a Current Account surplus of 30034 LYD Million in 2012. Current Account in Libya is reported by the Central Bank of Lybia.
Libya Inflation Rate at 1.70 percent  
The inflation rate in Libya was recorded at 1.70 percent in December of 2013. Inflation Rate in Libya is reported by the Central Bank of Lybia.
Libya Capital Flows at -9937.00 LYD Million  
Capital Flows in Libya decreased to -9937 LYD Million in 2012 from -3002 LYD Million in 2011. Capital Flows in Libya is reported by the Central Bank of Libya.
Libya GDP Constant Prices at 39922.70 LYD Million  
GDP Constant Prices in Libya increased to 39922.70 LYD Million in 2012 from 20146.30 LYD Million in 2011. GDP Constant Prices in Libya is reported by the Central Bank Of Libya.
Libya GDP Deflator at 246.60 Index Points  
GDP Deflator in Libya increased to 246.60 Index Points in 2011 from 197.20 Index Points in 2010. GDP Deflator in Libya is reported by the Central Bank of Libya.
Libya Imports at 32343.00 LYD Million  
Imports in Libya increased to 32343 LYD Million in 2012 from 13664 LYD Million in 2011. Imports in Libya is reported by the Central Bank of Lybia.
Libya Exports at 76893.00 LYD Million  
Exports in Libya increased to 76893 LYD Million in 2012 from 15843 LYD Million in 2011. Exports in Libya is reported by the Central Bank of Lybia.
Libya Balance of Trade at 44650.00 LYD Million  
Libya recorded a trade surplus of 44650 LYD Million in 2012. Balance of Trade in Libya is reported by the Central Bank of Lybia.
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