Namibia: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 11.25 percent as of August 2024, a decline compared to the previous value of 11.5 percent. Historically, the average for Namibia from January 2019 to August 2024 is 9.48 percent. The minimum of 7.5 percent was recorded in July 2020, while the maximum of 11.5 percent was reached in June 2023.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Namibia
| Recent values | Namibia: Business credit interest rate, percent |
|---|---|
| 2024 Aug | 11.25 |
| 2024 Jul | 11.5 |
| 2024 Jun | 11.5 |
| 2024 May | 11.5 |
| 2024 Apr | 11.5 |
| 2024 Mar | 11.5 |
| 2024 Feb | 11.5 |
| 2024 Jan | 11.5 |
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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 | 5.9 | 2023 | percent |
| Exchange rate regimes | 3 | 2022 | index points |
| USD exchange rate | 17.9302 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 148.65 | 6/2024 | billion |
| Consumer Price Index (CPI) | 171.6000 | 10/2024 | index points |
| Inflation, monthly | 0.40 | 10/2024 | percent |
| Inflation, annual | 2.99 | 10/2024 | percent |
| Private sector credit | 108.01 | 8/2024 | billion |
| Business credit | 40.20 | 8/2024 | billion |
| Household credit | 67.81 | 8/2024 | billion |
| Mortgage credit | 45.65 | 8/2024 | billion |
| Consumer credit | 22.17 | 8/2024 | billion |
| Deposit interest rate | 5.59 | 8/2024 | percent |
| Business credit interest rate | 11.25 | 8/2024 | percent |