In Venezuela, according to the Banco Central De Venezuela , the interest rate of 2016, till date is 21.99%. The interest rate of Venezuela is said to be the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. In Venezuela, interest rate is reported by the Banco Central De Venezuela every year. Members of the Banco Central De Venezuela decide the interest rate of every month based of voting. Once the rate is decided, the bank or other lender charges to borrow its money according to it.
Current Interest Rate of Venezuela is 21.99%
Interest Rate of Venezuela 2016 – Monthly Chart
Following is a complete chart of Venezuela interest rates for every month of the year 2016 till date. This chart shows the interest rates of every month of 2016 reported by the Banco Central De Venezuela. As you can see in this chart, the current interest rate of Venezuela is 21.99%.
source: tradingeconomics.com