Bank Lending Rate in Latvia increased to 3.92 percent in November from 3.73 percent in October of 2019. Bank Lending Rate in Latvia averaged 5.09 percent from 2004 until 2019, reaching an all time high of 9.99 percent in April of 2010 and a record low of 3.16 percent in August of 2019.

Bank Lending Rate in Latvia is expected to be 3.92 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Latvia to stand at 3.92 in 12 months time. In the long-term, the Latvia Bank Lending Rate is projected to trend around 3.92 percent in 2020, according to our econometric models.

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Latvia Bank Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.92 3.73 9.99 3.16 2004 - 2019 percent Monthly

Latvia Bank Lending Rate
In Latvia, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies.

Latvia Consumer Last Previous Highest Lowest Unit
Consumer Confidence -7.30 -7.30 0.20 -54.30 points [+]
Retail Sales MoM 2.60 0.30 10.20 -9.20 percent [+]
Retail Sales YoY 1.70 0.10 60.60 -28.50 percent [+]
Consumer Spending 4406125.00 4153170.00 4406125.00 1286274.00 EUR Thousand [+]
Personal Savings 6.34 4.42 13.28 -20.51 percent [+]
Bank Lending Rate 3.92 3.73 9.99 3.16 percent [+]
Economic Optimism Index 103.50 102.90 115.30 69.30 [+]
Households Debt To Income 33.47 35.94 74.05 8.55 percent [+]
Gasoline Prices 1.43 1.37 1.86 0.41 USD/Liter [+]