The benchmark interest rate in Nicaragua was last recorded at 10.59 percent. source: Banco Central de Nicaragua

Interest Rate in Nicaragua averaged 12.55 percent from 2009 until 2020, reaching an all time high of 17.45 percent in October of 2013 and a record low of 8.33 percent in August of 2016. This page provides - Nicaragua Interest Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Weighted Average Interest Rate - values, historical data and charts - was last updated on October of 2020.

Interest Rate in Nicaragua is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Nicaragua to stand at 10.30 in 12 months time. In the long-term, the Nicaragua Weighted Average Interest Rate is projected to trend around 10.30 percent in 2021 and 10.50 percent in 2022, according to our econometric models.

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Nicaragua Weighted Average Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.59 10.96 17.45 8.33 2009 - 2020 percent Monthly

Nicaragua Money Last Previous Highest Lowest Unit
Money Supply M1 54927.67 54889.38 60691.00 3863.84 NIO Million [+]
Money Supply M2 132209.56 131860.93 164394.88 21350.34 NIO Million [+]
Money Supply M3 132799.27 132663.45 165642.05 21523.32 NIO Million [+]
Deposit Interest Rate 3.07 1.32 107379.12 1.00 percent [+]
Interest Rate 10.59 10.96 17.45 8.33 percent [+]
Foreign Exchange Reserves 2739.50 2669.50 2837.10 1822.30 USD Million [+]

Nicaragua Weighted Average Interest Rate
Banco Central de Nicaragua doesn’t use interest rates as a policy tool. Nicaragua’s monetary policy has been based on an exchange rate mechanism.