Seychelles Average Prime Lending Rate

The benchmark interest rate in Seychelles was last recorded at 9.64 percent. Interest Rate in Seychelles is reported by the Central Bank of Seychelles. Interest Rate in Seychelles averaged 6.06 Percent from 2011 until 2014, reaching an all time high of 9.64 Percent in October of 2013 and a record low of 2.81 Percent in March of 2011. The Central Bank of Seychelles does not define a benchmark interest rate. Until September of 2013, the interest rate was the interbank loan rate. From October of 2013, the interest rate is the average prime lending rate. This page provides - Seychelles Interbank Loan Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
9.64 9.64 9.64 2.81 9.50 | 2014/05 2011 - 2014 Percent Monthly

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Seychelles Average Prime Lending Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 9.64 2014-04-04 9.64 9.64 2.81 9.50 2014-05-31 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

Seychelles Exports at 131.00 USD Million  
Exports in Seychelles decreased to 131 USD Million in the third quarter of 2013 from 144 USD Million in the second quarter of 2013. Exports in Seychelles is reported by the Central Bank of Seychelles.
Seychelles GDP Annual Growth Rate at 3.50 Percent  
The Gross Domestic Product (GDP) in Seychelles expanded 4 percent in 2012 from the previous year. GDP Annual Growth Rate in Seychelles is reported by the Central Bank of Seychelles.
Seychelles Balance of Trade at -134.00 USD Million  
Seychelles recorded a trade deficit of 134 USD Million in the third quarter of 2013. Balance of Trade in Seychelles is reported by the Central Bank of Seychelles.
Seychelles Imports at 265.00 USD Million  
Imports in Seychelles increased to 265 USD Million in the third quarter of 2013 from 232 USD Million in the second quarter of 2013. Imports in Seychelles is reported by the Central Bank of Seychelles.
Seychelles Government Debt To GDP at 69.00 Percent  
Seychelles recorded a Government Debt to GDP of 69 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Seychelles is reported by the Central Bank of Seychelles.
Seychelles Government Budget at 1.00 Percent of GDP  
Seychelles recorded a Government Budget surplus equal to 1 percent of the country's Gross Domestic Product in 2013. Government Budget in Seychelles is reported by the Central Bank of Seychelles.
Seychelles Unemployment Rate at 1.00 Percent  
Unemployment Rate in Seychelles decreased to 1 percent in 2013 from 2.20 percent in 2012. Unemployment Rate in Seychelles is reported by the Central Bank of Seychelles.
Seychelles Population at 0.09 Million  
The total population in Seychelles was last recorded at 0.1 million people in 2012 from 0.0 million in 1960, changing 125 percent during the last 50 years. Population in Seychelles is reported by the World Bank.
Seychelles Average Prime Lending Rate at 9.64 Percent  
The benchmark interest rate in Seychelles was last recorded at 9.64 percent. Interest Rate in Seychelles is reported by the Central Bank of Seychelles.
Seychelles Current Account to GDP at -19.00 Percent  
Seychelles recorded a Current Account deficit of 19 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Seychelles is reported by the Central Bank of Seychelles.
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