Interest rate on bank loans reached 658% in fourth quarter of 2007 in Zimbabwe, according to the National Central Bank. This is 11.4% more than in the previous quarter.
Historically, interest rate on bank loans in Zimbabwe reached an all time high of 666% in 2Q2006 and an all time low of 11.5% in 2Q1990.
Zimbabwe has been ranked 1st within the group of 137 countries we follow in terms of interest rate on bank loans.
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