Lending interest rate | Dominican Republic

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Source: IMF
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IMF
https://www.imf.org

Overview

Кредитная процентная ставка | Доминиканская Республика
The average lending rate in Dominican Republic in 2024 was 15.25%. In 2023, the value was amounted to  14.43%. It has been growing in this country for already 3 years in a row. Since 1991, for the whole period of statistics, this indicator has decreased in 2.31 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Dominican Republic was recorded in 2021, with a value of 9.61%. The highest value was in end-1991, when it reached 35.26%.
Additional infomation: About indicator
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.