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Interest Spread (Difference Between Interest Rate on Loans and Deposits) in Australia

Source: OECD, Reserve Bank of Australia, Australian Prudential Regulation Authority (Figures for banks only)
Last Updated: May 1, 2021

Interest spread, which is the difference between interest rate on loans and deposits reached 3.54 % in 2019 in Australia, according to the National Central Bank. This is 7.95 % more than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Australia reached an all time high of 4.18 % in 2008 and an all time low of -1.89 % in 1989. When compared to Australia's main peers, interest spread, which is the difference between interest rate on loans and deposits in Indonesia amounted to 3.68 %, 1.89 % in Malaysia and 7.77 % in Papua New Guinea in 2019.

Australia has been ranked 64th within the group of 87 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 47 places above the position seen 10 years ago.

Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial banks for demand, time, or savings deposits.

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