Grenada: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 9.88 percent as of December 2020, no change compared to the previous value of 9.88 percent. Historically, the average for Grenada from March 2009 to December 2020 is 10.06 percent. The minimum of 6.3 percent was recorded in December 2011, while the maximum of 10.5 percent was reached in March 2009.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: East Carribean Central Bank
| Recent values | Grenada: Business credit interest rate, percent |
|---|---|
| 2020 Dec | 9.88 |
| 2020 Nov | 9.88 |
| 2020 Oct | 9.88 |
| 2020 Sep | 9.88 |
| 2020 Aug | 9.88 |
| 2020 Jul | 9.88 |
| 2020 Jun | 9.88 |
| 2020 May | 9.88 |
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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.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.7 | 2023 | percent |
| Exchange rate regimes | 2 | 2022 | index points |
| USD exchange rate | 2.7026 | 2/2025 | Local Currency Units per USD |
| Money supply (broad money) | 2.44 | 12/2019 | billion |
| Consumer Price Index (CPI) | 119.6600 | 9/2024 | index points |
| Inflation, monthly | -0.17 | 9/2024 | percent |
| Inflation, annual | 0.74 | 9/2024 | percent |
| Private sector credit | 1.61 | 12/2019 | billion |
| Business credit | 0.57 | 12/2019 | billion |
| Household credit | 1.04 | 12/2019 | billion |
| Mortgage credit | 0.49 | Q4/2019 | billion |
| Consumer credit | 0.55 | Q4/2019 | billion |
| Deposit interest rate | 0.68 | 12/2020 | percent |
| Business credit interest rate | 9.88 | 12/2020 | percent |
| Mortgage credit interest rate | 7.00 | 12/2019 | percent |