Micronesia - Lending interest rate

Lending interest rate (%)

The latest value for Lending interest rate (%) in Micronesia was 14.47 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 16.38 in 2005 and 14.03 in 2007.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1995 15.00
1996 15.00
1997 15.00
1998 15.00
1999 15.17
2000 15.33
2001 15.33
2002 15.28
2003 15.00
2004 15.38
2005 16.38
2006 15.62
2007 14.03
2008 14.38
2009 15.38
2010 15.13
2011 14.35
2012 14.32
2013 15.70
2014 15.70
2015 15.70
2016 15.70
2017 16.10
2018 15.70
2019 14.70
2020 14.47

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates