Grenada

Interest Rates On Bank Credit To The Private Sector

6.55
Dec 83Dec 86Dec 89Dec 92Dec 95Dec 98Dec 01Dec 06Dec 09Dec 12Dec 15Dec 18Dec 210.0005.00010.0015.0020.00
  • Grenada
  • 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.

Maxinomics LogoThe World's Economic Atlas

TYPE TO BEGIN SEARCHING