Saint Vincent and the Grenadines

Interest Rates On Bank Credit To The Private Sector

7.65
Dec 82Dec 85Dec 89Dec 92Dec 99Dec 02Dec 06Dec 09Dec 12Dec 15Dec 18Dec 210.0005.00010.0015.0020.00
  • Saint Vincent and the Grenadines
  • 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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