Overall loan interest drops to series low of 4.06 pct in March

EconomyMacroeconomy Tags: Banking, BoG, Loans
Photo by MacroPolis
Photo by MacroPolis

The spread between loan and deposit rates dropped to 3.92 percentage points from 4.15 percentage points in the previous month.

The overall weighted average interest rate on all existing loans dropped by 5 bps to 3.90 percent. The spread between existing loan and deposit rates fell by 3 bps month-on-month to 3.75 percentage points.  

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