The benchmark interest rate in Algeria was last recorded at 3.75 percent.

Interest Rate in Algeria averaged 5.14 percent from 1963 until 2020, reaching an all time high of 21 percent in December of 1994 and a record low of 2.75 percent in January of 1972. This page provides - Algeria Discount Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Algeria Discount Rate - values, historical data and charts - was last updated on October of 2020.

Interest Rate in Algeria is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Algeria to stand at 2.75 in 12 months time. In the long-term, the Algeria Discount Rate is projected to trend around 2.75 percent in 2021, according to our econometric models.

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Algeria Discount Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.75 3.00 21.00 2.75 1963 - 2020 percent Daily

Algeria Money Last Previous Highest Lowest Unit
Interest Rate 3.75 3.00 21.00 2.75 percent [+]
Deposit Interest Rate 1.75 1.75 17.00 1.75 percent [+]
Foreign Exchange Reserves 55000.00 60000.00 194961.00 55000.00 USD Million [+]

Algeria Discount Rate
The discount Rate is the rate charged by the Bank of Algeria on loans to banks and finance companies through a call for tender system. .