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. 2014-04-20

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 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.
Maldives Unemployment Rate at 11.70 Percent  
Unemployment Rate in Maldives decreased to 11.70 percent in 2010 from 14.44 percent in 2006. Unemployment Rate in Maldives is reported by the Department of National Planning, Republic of Maldives.
Maldives Balance of Trade at -130.30 USD Million  
Maldives recorded a trade deficit of 130.30 USD Million in December of 2013. Balance of Trade in Maldives is reported by the Maldives Monetary Authority.
Maldives Imports at 156.60 USD Million  
Imports in Maldives increased to 156.60 USD Million in December of 2013 from 132 USD Million in November of 2013. Imports in Maldives is reported by the Maldives Monetary Authority.
Maldives Exports at 23.30 USD Million  
Exports in Maldives decreased to 23.30 USD Million in December of 2013 from 30.10 USD Million in November of 2013. Exports in Maldives is reported by the Maldives Monetary Authority.
Maldives Current Account at -469.30 USD Million  
Maldives recorded a Current Account deficit of 469.30 USD Million in 2013. Current Account in Maldives is reported by the Maldives Monetary Authority.
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LATEST NEWS

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Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
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In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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