Canada

Interest Rates On Bank Credit To The Private Sector

2.7
Dec 62Dec 65Dec 68Dec 71Dec 74Dec 77Dec 80Dec 83Dec 86Dec 94Dec 97Dec 01Dec 04Dec 07Dec 10Dec 13Dec 170.0005.00010.0015.0020.00
  • Canada
  • Global Median
Source: IMF

Definition of Interest Rates On Bank Credit To The Private Sector

Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

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