Papua New Guinea - Lending interest rate

Lending interest rate (%)

The latest value for Lending interest rate (%) in Papua New Guinea was 8.65 as of 2019. Over the past 36 years, the value for this indicator has fluctuated between 18.90 in 1999 and 8.37 in 2016.

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
1983 11.58
1984 10.64
1985 11.54
1986 12.33
1987 11.94
1988 12.68
1989 14.62
1990 15.52
1991 14.17
1992 14.53
1993 11.29
1994 9.16
1995 13.14
1996 13.30
1997 10.45
1998 17.70
1999 18.90
2000 17.54
2001 16.21
2002 13.89
2003 13.36
2004 13.25
2005 11.47
2006 10.57
2007 9.78
2008 9.20
2009 10.09
2010 10.45
2011 10.81
2012 10.82
2013 10.13
2014 9.38
2015 8.73
2016 8.37
2017 8.39
2018 9.08
2019 8.65

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates