Bank Lending Rate in Latvia decreased to 3.78 percent in July from 3.84 percent in June of 2019. Bank Lending Rate in Latvia averaged 5.12 percent from 2004 until 2019, reaching an all time high of 9.99 percent in April of 2010 and a record low of 3.20 percent in July of 2018.
Bank Lending Rate in Latvia is expected to be 3.48 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 3.48 in 12 months time. In the long-term, the Latvia Bank Lending Rate is projected to trend around 3.73 percent in 2020, according to our econometric models.