Overview
Discussions Key data points
Last release
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Observation period
Nov 2024
Next release
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Forecast
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Highest
83.73 % on Feb 15, 2002
Lowest
12.79 % on Apr 17, 2006
About Venezuela interest rate
The Central Bank of Venezuela (Banco Central de Venezuela, BCV) is not responsible for setting interest rates.
Related indicators
Frequently Asked Questions
Venezuela interest rate is 59.3% at the moment.
Last month Venezuela interest rate was 59.3%, and the month before that it amounted to 59.23%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.