A slight month-on-month increase in October notwithstanding, deposit rates remained rather low. Basically, lending and deposit rates have followed a falling trend since the beginning of the year. The weighted average interest rate of short-term deposits in lats was 2.97% (2.71% in September), and that of long-term deposits was 5.44% (4.53% in September).
The weighted average interest rate of short-term deposits in the OECD currencies was 2.19% (2.05% in September), while that of such long-term deposits declined from 5.19% to 3.20%. The demand for cash continued to rise, and currency in circulation grew by 9.6 million lats (by 7.2 million lats in October), amounting to 585.8 million lats.