Venezuela Interest Rate

The benchmark interest rate in Venezuela was last recorded at 15.59 percent. Interest Rate in Venezuela is reported by the Banco Central De Venezuela. Interest Rate in Venezuela averaged 23.74 Percent from 1998 until 2014, reaching an all time high of 83.73 Percent in February of 2002 and a record low of 12.79 Percent in April of 2006. The Central Bank of Venezuela (Banco Central de Venezuela, BCV) is not responsible for setting interest rates. This page provides - Venezuela Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
15.59 16.27 83.73 12.79 15.75 | 2014/04 1998 - 2014 Percent Monthly

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Venezuela Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 21931.00 2014-03-31 21709.00 42299.00 514.50 21804.03 2014-04-30 USD Million [+]
Interbank Rate 15.59 2014-03-15 16.27 72.23 12.48 16.50 2014-03-31 Percent [+]
Money Supply M0 482210.12 2014-02-28 486025.40 486025.40 333.94 492686.21 2014-03-31 VEF Million [+]
Money Supply M1 1273201.82 2014-02-28 1239069.22 1273201.82 2.68 1328525.66 2014-03-31 VEF Million [+]
Money Supply M2 1294976.08 2014-02-28 1259643.31 1294976.08 40.35 1353175.65 2014-03-31 VEF Million [+]
Money Supply M3 1294976.80 2014-02-28 1259644.03 1294976.80 47.99 1353177.53 2014-03-31 VEF Million [+]
Interest Rate 15.59 2014-03-31 16.27 83.73 12.79 15.75 2014-04-30 Percent [+]
[+]


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

Venezuela Core Consumer Prices at 594.30 Index Points  
Core Consumer Prices in Venezuela increased to 594.30 Index Points in December of 2013 from 582.30 Index Points in November of 2013. Core Consumer Prices in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Interest Rate at 15.59 Percent  
The benchmark interest rate in Venezuela was last recorded at 15.59 percent. Interest Rate in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Unemployment Rate at 7.20 Percent  
Unemployment Rate in Venezuela decreased to 7.20 percent in February of 2014 from 9.50 percent in January of 2014. Unemployment Rate in Venezuela is reported by the National Institute of Statistics, Venezuela.
Venezuela Balance of Trade at 10191.00 USD Million  
Venezuela recorded a trade surplus of 10191 USD Million in the third quarter of 2013. Balance of Trade in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Crude Oil Production at 2300.00 Thousands Barrels per Day  
Crude Oil Production in Venezuela remained unchanged at 2300 Thousands Barrels per Day in October of 2013 from 2300 Thousands Barrels per Day in September of 2013. Crude Oil Production in Venezuela is reported by the U.S. Energy Information Administration.
Venezuela Current Account at 4121.00 USD Million  
Venezuela recorded a Current Account surplus of 4121 USD Million in the third quarter of 2013. Current Account in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Exports at 22231.00 USD Million  
Exports in Venezuela decreased to 22231 USD Million in the third quarter of 2013 from 22386 USD Million in the second quarter of 2013. Exports in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Imports at -12040.00 USD Million  
Imports in Venezuela increased to -12040 USD Million in the third quarter of 2013 from -13257 USD Million in the second quarter of 2013. Imports in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Changes in Inventories at 1691.00 VEF Million  
Changes in Inventories in Venezuela decreased to 1691 VEF Million in the third quarter of 2013 from 1880 VEF Million in the second quarter of 2013. Changes in Inventories in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Consumer Price Index (CPI) at 527.70 Index Points  
Consumer Price Index (CPI) in Venezuela increased to 527.70 Index Points in February of 2014 from 514.40 Index Points in January of 2014. Consumer Price Index (CPI) in Venezuela is reported by the Banco Central De Venezuela.
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