About Venezuela Interest Rate
The Central Bank of Venezuela (Banco Central de Venezuela, BCV) is not responsible for setting interest rates.
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Frequently Asked Questions
Venezuela Interest Rate is 58.98% at the moment.
Last month Venezuela Interest Rate was 58.98%, and the month before that it amounted to 58.59%.
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.