Bank Lending Rate in Latvia increased to 3.92 percent in November from 3.73 percent in October of 2019. Latvia Bank Lending Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Bank Lending Rate in Latvia averaged 5.09 percent from 2004 until 2019, 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.

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
3.92 3.73 9.99 3.16 2004 - 2019 percent Monthly


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.