Interest rate on bank loans reached 3.91 % in 2016 in Czech Republic, according to the National Central Bank. This is 8.76 % less than in the previous year.
Historically, interest rate on bank loans in Czech Republic reached an all time high of 14.1 % in 1993 and an all time low of 3.91 % in 2016. When compared to Czech Republic's main peers, interest rate on bank loans in Austria amounted to 5.29 %, 2.09 % in Hungary, 3.52 % in Poland and 7.00 % in Slovakia in 2016.
Czech Republic has been ranked 122nd within the group of 131 countries we follow in terms of interest rate on bank loans, 7 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.
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