Grenada - Lending interest rate

Lending interest rate (%)

The latest value for Lending interest rate (%) in Grenada was 6.55 as of 2021. Over the past 39 years, the value for this indicator has fluctuated between 13.50 in 1986 and 6.55 in 2021.

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
1982 12.33
1983 12.33
1984 12.33
1985 13.40
1986 13.50
1987 13.30
1988 12.33
1989 12.33
1990 12.33
1991 12.30
1992 12.02
1993 11.83
1994 11.03
1995 11.08
1996 9.99
1997 11.24
1998 11.73
1999 11.62
2000 11.60
2001 10.19
2002 11.31
2003 12.05
2004 10.18
2005 10.07
2006 9.85
2007 9.76
2008 9.53
2009 10.99
2010 10.58
2011 10.69
2012 9.73
2013 9.27
2014 9.19
2015 8.96
2016 8.64
2017 8.31
2018 7.84
2019 7.57
2020 6.83
2021 6.55

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates