The central bank of Liberia decided to maintain the monetary policy rate at 30% during its March 2020 meeting, amid global uncertainty caused by the coronavirus outbreak. The decision comes nearly four months after the bank had set a monetary policy rate of 30 percent, transitioning from an exchange-rate-targeting monetary policy framework to an interest-rate based regime. Policymakers expect the GDP to contract by 1.4 percent due to underperformance in manufacturing, services and the forestry subsectors.
Interest Rate in Liberia averaged 14 percent from 2019 until 2020, reaching an all time high of 30 percent in November of 2019 and a record low of 4 percent in April of 2019. This page provides the latest reported value for - Liberia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Liberia Interest Rate - values, historical data and charts - was last updated on April of 2020. source: Central Bank of Liberia
Interest Rate in Liberia is expected to be 30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Liberia to stand at 30.00 in 12 months time. In the long-term, the Liberia Interest Rate is projected to trend around 15.00 percent in 2021, according to our econometric models.