Maldives Interest Rate

The benchmark interest rate in Maldives was last recorded at 7 percent. Interest Rate in Maldives is reported by the Maldives Monetary Authority. Interest Rate in Maldives averaged 6.11 Percent from 2009 until 2014, reaching an all time high of 7 Percent in March of 2012 and a record low of 4.46 Percent in December of 2010. In the Maldives, interest rate decisions are taken by the Maldives Monetary Authority. The official interest rate is the 1-week Reverse Repo Rate. This page provides - Maldives Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.00 7.00 7.00 4.46 7.00 | 2014/06 2009 - 2014 Percent Monthly

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Maldives Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 7.00 2014-03-31 7.00 7.00 4.46 7.00 2014-06-30 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

Maldives Government Debt To GDP at 34.90 Percent  
Maldives recorded a Government Debt to GDP of 34.90 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Maldives is reported by the Maldives Monetary Authority.
Maldives Current Account to GDP at -20.50 Percent  
Maldives recorded a Current Account deficit of 20.50 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Maldives is reported by the Maldives Monetary Authority.
Maldives Balance of Trade at -90.90 USD Million  
Maldives recorded a trade deficit of 90.90 USD Million in February of 2014. Balance of Trade in Maldives is reported by the Maldives Monetary Authority.
Maldives Imports at 115.70 USD Million  
Imports in Maldives decreased to 115.70 USD Million in February of 2014 from 161.10 USD Million in January of 2014. Imports in Maldives is reported by the Maldives Monetary Authority.
Maldives Exports at 24.80 USD Million  
Exports in Maldives decreased to 24.80 USD Million in February of 2014 from 32.50 USD Million in January of 2014. Exports in Maldives is reported by the Maldives Monetary Authority.
Maldives Tourist Arrivals at 111000.00  
Tourist Arrivals in Maldives increased to 111000 in February of 2014 from 105000 in January of 2014. Tourist Arrivals in Maldives is reported by the Maldives Monetary Authority.
Maldives GDP Annual Growth Rate at 3.70 Percent  
The Gross Domestic Product (GDP) in Maldives expanded 3.70 percent in 2013 from the previous year. GDP Annual Growth Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Inflation Rate at 3.40 Percent  
The inflation rate in Maldives was recorded at 3.40 percent in February of 2014. Inflation Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Interest Rate at 7.00 Percent  
The benchmark interest rate in Maldives was last recorded at 7 percent. Interest Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Maldives stands at 0 percent. Corporate Tax Rate in Maldives is reported by the Inland Revenue Authority.
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