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Interest Rate on Bank Loans (Local Currency) in Iceland

Source: OECD, Central Bank of Iceland, Financial Supervisory Authority of Iceland
Last Updated: July 24, 2023

Interest rate on bank loans reached 8.25% in fourth quarter of 2015 in Iceland, according to the National Central Bank. This is 7.33% more than in the previous quarter.

Historically, interest rate on bank loans in Iceland reached an all time high of 23.4% in 1Q1990 and an all time low of 7.20% in 1Q2015.

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