Overview
Discussions Key data points
Last release
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Observation period
Jul 31, 2024
Next release
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Forecast
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Highest
8.80 % on Feb 29, 1996
Lowest
1.68 % on Apr 30, 2011
About El Salvador Interest Rate
In El Salvador, interest rate refers to 180 day deposit rate.
Related indicators
Frequently Asked Questions
El Salvador Interest Rate is 5.37% at the moment.
Last month El Salvador Interest Rate was 5.37%, and the month before that it amounted to 5.56%.
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.