Papua New Guinea PG: Lending Interest Rate

Papua New Guinea PG: Lending Interest Rate data was reported at 8.760 % pa in 2016. This records an increase from the previous number of 8.380 % pa for 2015. Papua New Guinea PG: Lending Interest Rate data is updated yearly, averaging 10.750 % pa from Dec 1983 to 2016, with 34 observations. The data reached an all-time high of 20.160 % pa in 1998 and a record low of 8.380 % pa in 2015. Papua New Guinea PG: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank: Interest Rates. 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.; ; International Monetary Fund, International Financial Statistics and data files.; ;

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