Key data points
Last release
—
Observation period
Sep 30, 2025
Next release
—
Forecast
—
Highest
15.00 % on Jul 31, 1995
Lowest
2.75 % on Sep 30, 2025
About Algeria Interest Rate
The Discount Rate is the rate charged by the Bank of Algeria on loans to banks and finance companies through a call for tender system.
Related indicators
Frequently Asked Questions
Algeria Interest Rate is 2.75% at the moment.
Last month Algeria Interest Rate was 2.75%, and the month before it reached 2.75%.
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.