Mongolia - Lending interest rate

Lending interest rate (%)

The latest value for Lending interest rate (%) in Mongolia was 16.93 as of 2020. Over the past 22 years, the value for this indicator has fluctuated between 48.06 in 1998 and 16.61 in 2011.

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
1998 48.06
1999 44.01
2000 36.95
2001 37.35
2002 35.52
2003 31.91
2004 31.47
2005 30.57
2006 26.93
2007 21.83
2008 20.58
2009 21.67
2010 20.07
2011 16.61
2012 18.11
2013 18.48
2014 19.03
2015 19.56
2016 19.74
2017 20.01
2018 17.71
2019 17.00
2020 16.93

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates