Bank Lending Rate in the United Kingdom remained unchanged at 8.58 percent in May. This dataset provides - United Kingdom Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Jordan Prime Lending Rate: Annual data was reported at 8.830 % pa in 2017. This records an increase from the previous number of 8.370 % pa for 2016. Jordan Prime Lending Rate: Annual data is updated yearly, averaging 8.370 % pa from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 13.970 % pa in 1998 and a record low of 6.000 % pa in 2004. Jordan Prime Lending Rate: Annual data remains active status in CEIC and is reported by Central Bank of Jordan. The data is categorized under Global Database’s Jordan – Table JO.M002: Prime Lending Rate.

The dataset shows structure of interest rates

Note: 1. For the year 1995-96, interest rate on deposits of maturity above 3 years, and from 1996-97 onwards, interest rates on deposit for all the maturities refer to the deposit rates of 5 major public sector banks as at end-March. 2. From 1994-95 onwards, data on minimum general key lending rates prescribed by RBI refers to the prime lending rates of 5 major public sector banks. 3. For 2011-12, data on deposit rates and Base rates of 5 major public sector banks refer to the period up to July 31, 2010. From July 1, 2010 BPLR System is replaced by Base Rate System. Accordingly the data reflects the Base Rate of five major public sector banks. Data for 2010-11 for Call/Notice Money rates are average of April-July 2010. 4. Data for dividend rate and yield rate for units of UTI are based on data received from Unit Trust of India. 5. Data on annual(gross) redemption yield of Government of India securities are based on redemption yield which is computed from 2000-01 as the mean of the daily weighted average yield of the transactions in each traded security. The weight is calculated as the share of the transaction in a given security in the aggregated value. 6. Data on prime lending rates for IDBI, IFCI and ICICI for the year 1999-00 relates to long-term prime lending rates in January 2000. 7. Data on prime lending rates for State Financial Corporation for all the years and for other term lending institutions from 2002-03 onwards relate to long-term (over 36-month) PLR. 8. Data on prime lending rate of IIBI/ IRBI from 2003-04 onwards relate to single PLR effective July 31, 2003. 9. IDBI ceased to be term lending institution on its conversion into a banking entity effective October 11, 2004. 10. ICICI ceased to be a term-lending institution after its merger with ICICI Bank. 11. Figures in brackets indicate lending rate charged to small-scale industries. 12. IFCI has become a non-bank financial company. 13. IIBI is in the process of voluntary winding up. 14. Figures for 2015-16 are as on July 14, 2015. 15. 2024-25 data : As on September 1, 2024; except for WALRs, WADTDR and 1-year median MCLR (July 2023). 16. * : Data on deposit and lending rates relate to five major Public Sector Banks up to 2003-04. While for the subsequent years, they relate to five major banks. 17. # : Savings deposit rate from 2011-12 onwards relates to balance up to 1 lakh. Savings deposit rate was deregulated with effect from October 25, 2011. 18. $ : Data on Weighted Average Lending Rates (WALRs), weighted Average Domestic Term Deposit Rate (WADTDR) and 1-year median marginal cost of funds-based lending rate (MCLR) pertain to all scheduled commercial banks (excluding RRBs and SFBs). 19. Data on lending rates in column (7) relate to Benchmark Prime Lending Rate (BPLR) for the period 2004-05 to 2009-10; Base Rate for 2010-11 to 2015-16 and Marginal Cost of Funds Based Lending Rate (MCLR) (overnight) for 2016-17 onwards. BPLR system was replaced by the Base Rate System from July 1, 2010, which, in turn, was replaced by the MCLR System effective April 1, 2016.

Prime Lending Rate: Consumer's Credit: House Ownership Credit: Bank ICBC Indonesia data was reported at 9.250 % pa in Jul 2019. This stayed constant from the previous number of 9.250 % pa for Jun 2019. Prime Lending Rate: Consumer's Credit: House Ownership Credit: Bank ICBC Indonesia data is updated monthly, averaging 9.250 % pa from Oct 2011 (Median) to Jul 2019, with 93 observations. The data reached an all-time high of 10.500 % pa in Feb 2016 and a record low of 7.978 % pa in Oct 2016. Prime Lending Rate: Consumer's Credit: House Ownership Credit: Bank ICBC Indonesia data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Interest and Foreign Exchange Rates – Table ID.MB002: Prime Lending Rate: By Banks.

Prime Lending Rate: Corporate Credit: Bank Sumitomo Mitsui Indonesia data was reported at 8.390 % pa in Jul 2019. This stayed constant from the previous number of 8.390 % pa for Jun 2019. Prime Lending Rate: Corporate Credit: Bank Sumitomo Mitsui Indonesia data is updated monthly, averaging 8.000 % pa from Oct 2011 (Median) to Jul 2019, with 94 observations. The data reached an all-time high of 9.670 % pa in Jan 2016 and a record low of 6.320 % pa in Jun 2013. Prime Lending Rate: Corporate Credit: Bank Sumitomo Mitsui Indonesia data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Interest and Foreign Exchange Rates – Table ID.MB002: Prime Lending Rate: By Banks.

Prime Lending Rate: Retail Credit: Bank Internasional Indonesia Tbk data was reported at 10.750 % pa in Jul 2019. This stayed constant from the previous number of 10.750 % pa for Jun 2019. Prime Lending Rate: Retail Credit: Bank Internasional Indonesia Tbk data is updated monthly, averaging 11.250 % pa from Oct 2011 (Median) to Jul 2019, with 94 observations. The data reached an all-time high of 12.000 % pa in Jun 2016 and a record low of 10.030 % pa in Jul 2012. Prime Lending Rate: Retail Credit: Bank Internasional Indonesia Tbk data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.MB002: Prime Lending Rate: By Banks.

Indonesia Prime Lending Rate: Corporate Credit: Commonwealth Bank data was reported at 11.500 % pa in Jan 2017. This stayed constant from the previous number of 11.500 % pa for Dec 2016. Indonesia Prime Lending Rate: Corporate Credit: Commonwealth Bank data is updated monthly, averaging 11.000 % pa from Oct 2011 (Median) to Jan 2017, with 64 observations. The data reached an all-time high of 11.500 % pa in Jan 2017 and a record low of 9.500 % pa in Jul 2013. Indonesia Prime Lending Rate: Corporate Credit: Commonwealth Bank data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Interest and Foreign Exchange Rates – Table ID.MB002: Prime Lending Rate: By Banks.

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In June 2024, the European Central Bank (ECB) began reducing its fixed interest rate for the first time since 2016, implementing a series of cuts. The rate decreased from 4.5 percent to 3.15 percent by year-end: a 0.25 percentage point cut in June, followed by additional reductions in September, October, and December. The central bank implemented other cuts in early 2025, setting the rate at 2.4 percent in April 2025. This marked a significant shift from the previous rate hike cycle, which began in July 2022 when the ECB raised rates to 0.5 percent and subsequently increased them almost monthly, reaching 4.5 percent by December 2023 - the highest level since the 2007-2008 global financial crisis. How does this ensure liquidity? Banks typically hold only a fraction of their capital in cash, measured by metrics like the Tier 1 capital ratio. Since this ratio is low, banks prefer to allocate most of their capital to revenue-generating loans. When their cash reserves fall too low, banks borrow from the ECB to cover short-term liquidity needs. On the other hand, commercial banks can also deposit excess funds with the ECB at a lower interest rate. Reasons for fluctuations
The ECB’s primary mandate is to maintain price stability. The Euro area inflation rate is, in theory, the key indicator guiding the ECB's actions. When the fixed interest rate is lower, commercial banks are more likely to borrow from the ECB, increasing the money supply and, in turn, driving inflation higher. When inflation rises, the ECB increases the fixed interest rate, which slows borrowing and helps to reduce inflation.

Indonesia Prime Lending Rate: Consumer's Credit: Non HOC: Bank Danamon Tbk data was reported at 12.000 % pa in Jul 2019. This stayed constant from the previous number of 12.000 % pa for Jun 2019. Indonesia Prime Lending Rate: Consumer's Credit: Non HOC: Bank Danamon Tbk data is updated monthly, averaging 12.490 % pa from Nov 2011 (Median) to Jul 2019, with 93 observations. The data reached an all-time high of 17.500 % pa in Feb 2016 and a record low of 12.000 % pa in Jul 2019. Indonesia Prime Lending Rate: Consumer's Credit: Non HOC: Bank Danamon Tbk data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.MB002: Prime Lending Rate: By Banks.

Lending interest rate of Iraq increased by 0.58% from 12.29 % in 2015 to 12.36 % in 2016. Since the 7.16% drop in 2014, lending interest rate fell by 1.90% in 2016. Lending interest rate is the rate charged by banks on loans to prime customers.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at **** percent at the end of 2023, the European Central Bank deposit rate at **** percent, and the Swiss National Bank policy rate at **** percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to *** percent, the ECB refi rate to **** percent, the Bank of England bank rate to **** percent, and the Swiss National Bank policy rate to **** percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

August 2024 marked a significant shift in the UK's monetary policy, as it saw the first reduction in the official bank base interest rate since August 2023. This change came after a period of consistent rate hikes that began in late 2021. In a bid to minimize the economic effects of the COVID-19 pandemic, the Bank of England cut the official bank base rate in March 2020 to a record low of *** percent. This historic low came just one week after the Bank of England cut rates from **** percent to **** percent in a bid to prevent mass job cuts in the United Kingdom. It remained at *** percent until December 2021 and was increased to one percent in May 2022 and to **** percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching **** percent in August 2023. It wasn't until August 2024 that the first rate decrease since the previous year occurred, signaling a potential shift in monetary policy. Why do central banks adjust interest rates? Central banks, including the Bank of England, adjust interest rates to manage economic stability and control inflation. Their strategies involve a delicate balance between two main approaches. When central banks raise interest rates, their goal is to cool down an overheated economy. Higher rates curb excessive spending and borrowing, which helps to prevent runaway inflation. This approach is typically used when the economy is growing too quickly or when inflation is rising above desired levels. Conversely, when central banks lower interest rates, they aim to encourage borrowing and investment. This strategy is employed to stimulate economic growth during periods of slowdown or recession. Lower rates make it cheaper for businesses and individuals to borrow money, which can lead to increased spending and investment. This dual approach allows central banks to maintain a balance between promoting growth and controlling inflation, ensuring long-term economic stability. Additionally, adjusting interest rates can influence currency values, impacting international trade and investment flows, further underscoring their critical role in a nation's economic health. Recent interest rate trends Between 2021 and 2024, most advanced and emerging economies experienced a period of regular interest rate hikes. This trend was driven by several factors, including persistent supply chain disruptions, high energy prices, and robust demand pressures. These elements combined to create significant inflationary trends, prompting central banks to raise rates in an effort to temper spending and borrowing. However, in 2024, a shift began to occur in global monetary policy. The European Central Bank (ECB) was among the first major central banks to reverse this trend by cutting interest rates. This move signaled a change in approach aimed at addressing growing economic slowdowns and supporting growth.

The benchmark interest rate in South Africa was last recorded at 7.25 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Indonesia Prime Lending Rate: Retail Credit: Bank Permata Tbk data was reported at 10.250 % pa in Jul 2019. This stayed constant from the previous number of 10.250 % pa for Jun 2019. Indonesia Prime Lending Rate: Retail Credit: Bank Permata Tbk data is updated monthly, averaging 10.500 % pa from Oct 2011 (Median) to Jul 2019, with 94 observations. The data reached an all-time high of 12.500 % pa in Jan 2016 and a record low of 9.500 % pa in Aug 2018. Indonesia Prime Lending Rate: Retail Credit: Bank Permata Tbk data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Interest and Foreign Exchange Rates – Table ID.MB002: Prime Lending Rate: By Banks.

Lending interest rate of Uganda slumped by 6.73% from 21.28 % in 2017 to 19.85 % in 2018. Since the 5.68% surge in 2016, lending interest rate sank by 16.91% in 2018. Lending interest rate is the rate charged by banks on loans to prime customers.

The benchmark interest rate in Switzerland was last recorded at 0 percent. This dataset provides - Switzerland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lending interest rate of Afghanistan decreased by 1.09% from 15.00 % in 2016 to 14.84 % in 2017. Since the 0.53% rise in 2013, lending interest rate fell by 1.61% in 2017. Lending interest rate is the rate charged by banks on loans to prime customers.

Car loan interest rates in the United States decreased since mid-2024. Thus, the period of rapidly rising interest rates, when they increased from 3.85 percent in December 2021 to 7.91 percent in February 2024, has come to an end. The Federal Reserve interest rate is one of the main causes of the interest rates of loans rising or falling. If inflation stays under control, the Federal Reserve will start cutting the interest rates, which would have the effect of the cost of car loans falling too. How many cars have financing in the United States? Car financing exists because not everyone who wants or needs a car can purchase it outright. A financial institution will then lend the money to the customer for purchasing the car, which must then be repaid with interest. Most new vehicles in the United States in 2024 were purchased using car loans. It is not as common to use car loans for purchasing used vehicles as for new ones, although over a third of used vehicles were purchased using loans. The car industry in the United States The car financing business is huge in the United States, due to the high sales of both new and used vehicles in the country. A lot of the United States is very car-centric, which means that, outside large cities, it can often be difficult to do their daily commutes through other transportation methods. In fact, only a small percentage of U.S. workers used public transport to go to work. That is one of the factors that has helped establish the importance of the automotive sector in North America. Nevertheless, there are still countries in Asia-Pacific, Africa, the Middle East, and Europe with higher car-ownership rates than the United States.

Interest rate spread of Japan slumped by 9.54% from 0.74 % in 2016 to 0.67 % in 2017. Since the 5.56% surge in 2014, interest rate spread sank by 16.24% in 2017. Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits.