Venezuela: base interest rate 2010-2017

Venezuela is one of the Latin American countries with the highest monetary policy rates. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. Between 2010 and 2017, Venezuela's monetary policy rate has remained fairly stable, ranging between 6.18 percent (2015) and 6.5 percent (2016). In 2017, the latest year with available data, the Central bank of Venezuela set the base rate at 6.37 percent.