Bank Lending Rate in Latvia increased to 3.73 percent in February from 3.59 percent in January of 2020.

Bank Lending Rate in Latvia averaged 5.07 percent from 2004 until 2020, 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. This page provides the latest reported value for - Latvia Bank Lending Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Bank Lending Rate - values, historical data and charts - was last updated on May of 2020.

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 2021, according to our econometric models.

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Latvia Bank Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.73 3.59 9.99 3.16 2004 - 2020 percent Monthly

Latvia Consumer Last Previous Highest Lowest Unit
Consumer Confidence -10.00 -8.00 0.20 -54.30 points [+]
Retail Sales MoM -5.90 3.50 10.20 -9.20 percent [+]
Retail Sales YoY -1.80 5.00 60.60 -28.50 percent [+]
Consumer Spending 4101333.00 4389631.00 4389631.00 1418096.00 EUR Thousand [+]
Personal Savings 6.34 4.42 13.28 -20.51 percent [+]
Households Debt To Income 33.47 35.94 74.05 8.55 percent [+]
Bank Lending Rate 3.73 3.59 9.99 3.16 percent [+]
Economic Optimism Index 77.70 96.10 116.60 30.10 [+]
Gasoline Prices 1.06 1.24 1.86 0.41 USD/Liter [+]


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.