Lending interest rate | United Kingdom
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Overview
The average lending rate in United Kingdom in 2014 was 0.50%. In 2013, the value was amounted to also 0.50%. . Since 1967, for the whole period of statistics, this indicator has decreased in 11.00 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in United Kingdom was recorded in 2014, with a value of 0.50%. The highest value was in end-1980, when it reached 16.31%.
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.


