The Interest Rate is the percentage at which a central bank lends money to domestic banks. It is the primary tool used by monetary authorities to manage inflation and stabilize the national currency. By adjusting this rate, the central bank influences borrowing costs for consumers and businesses, thereby controlling the overall level of economic activity.
The rate is determined by the central bank's governing board after reviewing key economic indicators such as CPI, GDP growth, and unemployment levels. It is set to achieve a specific inflation target and maintain economic equilibrium.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Mar 18, 2015 | -0.25 | — | — |
