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

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

Overview

Кредитная процентная ставка | Сингапур
The average lending rate in Singapore in 2021 was 5.25%. In 2020, the value was amounted to also 5.25%. . Since 1978, for the whole period of statistics, this indicator has decreased in 1.37 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Singapore was recorded in 2021, with a value of 5.25%. The highest value was in end-1981, when it reached 13.65%.
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.