Micronesia: Lending-deposit interest rate spread
* indicates monthly or quarterly data series
| Micronesia |
Bank lending-deposit interest rate spread |
|---|---|
| Latest value | 14.40 |
| Year | 2020 |
| Measure | interest rate points |
| Data availability | 1995 - 2020 |
| Average | 13.35 |
| Min - Max | 9.67 - 15.63 |
| Source | The International Monetary Fund |
The latest value from 2020 is 14.4 interest rate points, an increase from 14.39 interest rate points in 2019. In comparison, the world average is 6.59 interest rate points, based on data from 93 countries. Historically, the average for Micronesia from 1995 to 2020 is 13.35 interest rate points. The minimum value, 9.67 interest rate points, was reached in 1995 while the maximum of 15.63 interest rate points was recorded in 2017.
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Definition: Difference between the lending rate and the deposit rate. The lending rate is the rate charged by banks on loans to the private sector and the deposit interest rate is the rate offered by commercial banks on three-month deposits.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Lending-deposit interest rate spread | 14.40 | 2020 | interest rate points |
| Non-performing loans | 0.27 | 2021 | percent |
| Bank credit to deposits | 31.30 | 2020 | percent |
| Lending interest rate | 12.62 | 2021 | percent |
| Real interest rate | 10.43 | 2021 | percent |
| Legal rights | 10.00 | 2019 | points |
| Credit information sharing | 0.00 | 2019 | points |