Australia: Business credit interest rate
* indicates monthly or quarterly data series
| Australia |
Business credit interest rate, percent |
|---|---|
| Latest value | 6.81 |
| Reference | July 2022 |
| Measure | percent |
| Source | Reserve Bank of Australia |
For that indicator, we provide data for Australia from January 2000 to July 2022. The average value for Australia during that period was 7.94 percent with a minimum of 5.63 percent in September 2021 and a maximum of 10.83 percent in July 2008.
Click on the following link to see the values of Business credit interest rate, percent around the world.
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* indicates monthly or quarterly data series
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Measure: percent
Source: Reserve Bank of Australia
Source: Reserve Bank of Australia
Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.