Uruguay: Interest rates on bank credit to the private sector
For that indicator, The World Bank provides data for Uruguay from 1976 to 2018. The average value for Uruguay during that period was 61.2 percent with a minumum of 8.94 percent in 2007 and a maximum of 174.45 percent in 1990.
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The lending interest rate in Uruguay shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: 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.