South Africa

Interest Rates On Bank Credit To The Private Sector

7.04
Dec 60Dec 64Dec 68Dec 72Dec 80Dec 84Dec 87Dec 94Dec 98Dec 02Dec 07Dec 12Dec 17Dec 210.0006.00012.0018.0024.00
  • South Africa
  • 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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