Interest Rate in Bolivia
Bolivia - Interest RateSupported by external tailwinds, the economy is likely performing reasonably well this year, after recording robust growth in 2017. In the first five months of 2018, exports jumped in annual terms, mainly on the back of surging foreign orders of hydrocarbons and minerals, due to higher prices and healthy global growth. Moreover, remittances rose significantly in the same period, which bodes well for consumer spending and was reflected in healthy growth of banking deposits. Further good news came from the hydrocarbon sector: In mid-June, Bolivia signed a contract with Russian gas producer Gazprom. The gas producing giant will invest USD 1.2 billion into exploration and production in Bolivia. That said, sizeable fiscal and current account deficits continue to cast a shadow over the economy.
Bolivia - Interest Rate Data
|Policy Interest Rate (%)||11.41||8.00||7.36||7.82||7.86|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia Interest Rate Chart
Source: Bolivia Central Bank.
|Exchange Rate||6.94||-0.14 %||Jul 13|
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