Venezuela has increased its interest rates by 0.64 percentage points, from 21.73% to an annual rate of 22.37%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency. .
This change is the first to have taken place since on September1th 2016, when the Central Bank increasedinterest rates by 0.64 percentage points to 21.73%.
Here we show you the progression of interest rates in Venezuela. You can see interest rates in other countries in interest rates and see all the economic information about Venezuela in Venezuela economy.