Mongolia

Interest Rates On Bank Credit To The Private Sector

16.93
Dec 98Dec 01Dec 02Dec 03Dec 04Dec 05Dec 09Dec 10Dec 12Dec 13Dec 14Dec 15Dec 17Dec 18Dec 19Dec 200.00015.0030.0045.0060.00
  • Mongolia
  • 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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