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Iraq Interest Rate

Iraq's interest rate held steady at 5.5% in August 2025, unchanged from July. This stability follows a significant drop in inflation to 0.8% in the second half of 2025 which boosted purchasing power. The International Monetary Fund forecasts Iraq's economy to grow by 4.1% in 2025. The Central Bank of Iraq prioritizes price stability and liquidity management. Iraq's record low interest rate was 4.0% on March 31, 2016 and record high was 7.5% on June 30, 2023.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Aug 31, 2025 5.5%
Jul 31, 2025 5.5%
Jun 30, 2025 5.5%
May 31, 2025 5.5%
Apr 30, 2025 5.5%
Mar 31, 2025 5.5%
Feb 28, 2025 5.5%
Jan 31, 2025 5.5%
Dec 31, 2024 5.5%
Nov 30, 2024 5.5%
Oct 31, 2024 5.5%
Sep 30, 2024 7.5%
Aug 31, 2024 7.5%
Jul 31, 2024 7.5%
Jun 30, 2024 7.5%
May 31, 2024 7.5%
Apr 30, 2024 7.5%
Mar 31, 2024 7.5%
Feb 29, 2024 7.5%
Jan 31, 2024 7.5%
Dec 31, 2023 7.5%
Nov 30, 2023 7.5%
Oct 31, 2023 7.5%
Sep 30, 2023 7.5%
Aug 31, 2023 7.5%
Jul 31, 2023 7.5%
Jun 30, 2023 7.5%
May 31, 2023 4%
Apr 30, 2023 4%
Mar 31, 2023 4%
Feb 28, 2023 4%
Jan 31, 2023 4%
Dec 31, 2022 4%
Nov 30, 2022 4%
Oct 31, 2022 4%
Sep 30, 2022 4%
Aug 31, 2022 4%
Jul 31, 2022 4%
Jun 30, 2022 4%
May 31, 2022 4%
Apr 30, 2022 4%
Mar 31, 2022 4%
Feb 28, 2022 4%
Jan 31, 2022 4%
Dec 31, 2021 4%
Nov 30, 2021 4%
Oct 31, 2021 4%
Sep 30, 2021 4%
Aug 31, 2021 4%
Jul 31, 2021 4%
Jun 30, 2021 4%
May 31, 2021 4%
Apr 30, 2021 4%
Mar 31, 2021 4%
Feb 28, 2021 4%
Jan 31, 2021 4%
Dec 31, 2020 4%
Nov 30, 2020 4%
Oct 31, 2020 4%
Sep 30, 2020 4%
Aug 31, 2020 4%
Jul 31, 2020 4%
Jun 30, 2020 4%
May 31, 2020 4%
Apr 30, 2020 4%
Mar 31, 2020 4%
Feb 29, 2020 4%
Jan 31, 2020 4%
Dec 31, 2019 4%
Nov 30, 2019 4%
Oct 31, 2019 4%
Sep 30, 2019 4%
Aug 31, 2019 4%
Jul 31, 2019 4%
Jun 30, 2019 4%
May 31, 2019 4%
Apr 30, 2019 4%
Mar 31, 2019 4%
Feb 28, 2019 4%
Jan 31, 2019 4%
Dec 31, 2018 4%
Nov 30, 2018 4%
Oct 31, 2018 4%
Sep 30, 2018 4%
Aug 31, 2018 4%
Jul 31, 2018 4%
Jun 30, 2018 4%
May 31, 2018 4%
Apr 30, 2018 4%
Mar 31, 2018 4%
Feb 28, 2018 4%
Jan 31, 2018 4%
Dec 31, 2017 4%
Nov 30, 2017 4%
Oct 31, 2017 4%
Sep 30, 2017 4%
Aug 31, 2017 4%
Jul 31, 2017 4%
Jun 30, 2017 4%
May 31, 2017 4%
Mar 31, 2017 4%
Feb 28, 2017 4%
Jan 31, 2017 4%
Dec 31, 2016 4%
Nov 30, 2016 4%
Oct 31, 2016 4%
Sep 30, 2016 4%
Aug 31, 2016 4%
Jun 30, 2016 4%
May 31, 2016 4%
Apr 30, 2016 4%
Mar 31, 2016 4%
Feb 28, 2016 6%
Jan 31, 2016 6%
Dec 31, 2015 6%
Nov 30, 2015 6%
Oct 31, 2015 6%
Sep 30, 2015 6%
Iraq Interest Rate : Definition
The Interest Rate set by the Central Bank of Iraq is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 13.96% 12.55% 2024