Lending interest rate | Mongolia – yearly data, chart and table

The average lending rate in Mongolia in 2021 was 16.01%. In 2020, the value was amounted to  16.93%. It has been falling in this country for already 4 years in a row. Since 1998, for the whole period of statistics, this indicator has decreased in 3.00 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Mongolia was recorded in 2021, with a value of 16.01%. The highest value was in end-1998, when it reached 48.06%.