Zimbabwe: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 24.46 percent as of June 2024, a decline compared to the previous value of 24.52 percent. Historically, the average for Zimbabwe from June 2011 to June 2024 is 26.25 percent. The minimum of 6.52 percent was recorded in February 2017, while the maximum of 165.45 percent was reached in July 2022.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Reserve Bank of Zimbabwe
| Recent values | Zimbabwe: Business credit interest rate, percent |
|---|---|
| 2024 Jun | 24.46 |
| 2024 May | 24.52 |
| 2024 Apr | 24.29 |
| 2024 Mar | 91.4 |
| 2024 Feb | 93.76 |
| 2024 Jan | 95.24 |
| 2023 Dec | 93.77 |
| 2023 Nov | 93.15 |
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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 | 104.7 | 2022 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| USD exchange rate | 1,000.0000 | 9/2023 | Local Currency Units per USD |
| Money supply (broad money) | 15,711.38 | 9/2023 | billion |
| Consumer Price Index (CPI) | 100.9549 | 9/2023 | index points |
| Inflation, monthly | 0.95 | 9/2023 | percent |
| Inflation, annual | 18.36 | 9/2023 | percent |
| Private sector credit | 7,503.06 | 9/2023 | billion |
| Business credit | 5,645.77 | 9/2023 | billion |
| Household credit | 1,857.30 | 9/2023 | billion |
| Business credit interest rate | 92.69 | 9/2023 | percent |